|
| |
|
Group |
|
|
Company |
|
| |
|
2013
Rm |
|
2012
Rm |
|
|
2013
Rm |
|
2012
Rm |
|
| 31. |
TRADE AND OTHER PAYABLES |
4,661 |
|
4,291 |
|
|
5,167 |
|
5,005 |
|
| |
Trade payables |
2,807 |
|
2,839 |
|
|
2,750 |
|
2,747 |
|
| |
Finance cost accrued |
86 |
|
140 |
|
|
86 |
|
140 |
|
| |
Accruals and other payables |
1,768 |
|
1,312 |
|
|
2,331 |
|
2,118 |
|
| |
The increase in vendors’ balances is due to the falling of the Rand against major currencies in the financial year.
Accruals and other payables mainly represent amounts payable for goods received, net of Value Added Tax obligations and licence fees.
Telkom’s standard payment terms of trade payables is at the end of the following month following the date of the invoice. This averages to
45 days. Telkom does not allow for interest on late payments, and none has been paid in the 2012 and 2013 financial years. |
|
|
|
