NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS | NOTE 8
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      Group         Company    
      2013
Rm		   2012
Rm		         2013
Rm		   2012
Rm		    
8. FINANCE CHARGES AND FAIR VALUE MOVEMENTS   263   1,872         542   745    
  Finance charges on interest-bearing debt*   660   765         654   763    
     Local debt   736   859         734   857    
     Foreign debt   4   –         –   –    
     Less: Finance charges capitalised   (80)   (94)         (80)   (94)    
  Foreign exchange losses and fair value movement   (397)   1,107         (112)   (18)    
     Foreign exchange losses   157   1,320         151   19    
     Fair value adjustments on derivative instruments   (554)   (213)         (263)   (37)    
  Capitalisation rate for borrowing costs (%)   10.0   10.8         10.0   10.8    
  Included in finance charges is an amount of R654 million (2012: R763 million) which relates to interest expense on financial liabilities not measured at fair value through profit or loss.

Fair value adjustments on derivative instruments were due to currency fluctuations and lower interest rates impacting on forward exchange contracts, cross-currency swaps and interest rate swap agreements, as well as the growth in the assets held by the Cell Captive.

* For interest-bearing debt movement, refer to note 28.
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