| Group | Company | |||||||||||
8. Finance charges and fair value movements |
2015 Rm |
2014 Rm |
2015 Rm |
2014 Rm |
||||||||
| 471 | 292 | 471 | 292 | |||||||||
| Finance charges on interest-bearing debt* | 560 | 636 | 560 | 636 | ||||||||
| Local debt | 653 | 729 | 653 | 729 | ||||||||
| Less: Finance charges capitalised** | (93) | (93) | (93) | (93) | ||||||||
| Foreign exchange and fair value movements | (89) | (344) | (89) | (344) | ||||||||
| Foreign exchange losses | 247 | 336 | 247 | 336 | ||||||||
| Fair value adjustments | (336) | (680) | (336) | (680) | ||||||||
| Capitalisation rate for borrowing costs (%) | 11.7 | 11.4 | 11.7 | 11.4 | ||||||||
| * For interest-bearing debt movement, refer to note 28. ** Finance charges are capitalised to property, plant and equipment and intangible assets. |
Finance charges relate to interest expense on financial liabilities not measured at fair value through profit or loss.
Fair value adjustments are mainly due to the growth in the assets held by the cell captive.