117 / 198
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
115
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
3.
Financial instruments and financial risks
continued
Maturity of financial liabilities
The table below analyses the Group’s non-derivative financial liabilities into relevant maturity groupings based on the
remaining period at the statement of financial position date to the contractual maturity date.
The amounts disclosed in the table are the contractual undiscounted cash flows.
Payable in:
Less than
one month
or on
demand
R’000
More than
one month
but not
exceeding
one year
R’000
More than
one year
but not
exceeding
two years
R’000
More than
two years
but not
exceeding
five years
R’000
More than
five years
R’000
2016
Non-interest-bearing borrowings
16 087
—
—
—
—
Trade and other payables*
1 801 482
729 843
28 327
—
—
Contingent consideration
— 56 033
33 895
—
—
Total
1 817 569
785 876
62 222
—
—
2015
Non-interest-bearing borrowings
16 087
—
—
—
—
Trade and other payables*
1 947 194
890 651
22 781
10 133
—
Contingent consideration
— 13 593
66 869
63 000
—
Total
1 963 281
904 244
89 650
73 133
—
* Trade and other payables exclude non-financial instruments, being VAT and certain amounts included within accruals and sundry
creditors.
3.1 Financial assets
3.1.1 Loans receivable
Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in
an active market. These assets are included in current assets, except for maturities greater than 12 months after the
statement of financial position date, which are classified as non-current assets.
2016
R’000
2015
R’000
Interest-free loans
53 189
41 041
Interest-bearing loans receivable
50 938
33 261
104 127
74 302
Less:
Amounts included in current portion of loans receivable
(98 217)
(44 569)
5 910
29 733
All loans receivable are unsecured and repayable within five years. Interest-bearing loans bear interest at a range of
between prime and prime plus 4%.
The loans receivable are neither past due nor impaired with a low risk of default. Of this amount, R47 million
(2015: R19 million) relates to loans receivable from related parties, of which R21 million (2015: R19 million) is interest
free. Refer to note 8.