| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 1.4 |
|
| 1.4 |
Finance costs and finance income
| Finance costs/income are recognised in profit and loss using the effective interest rate method as the instruments to
which this relates are measured at amortised cost. |
| |
2016
R’000 |
|
2015
R’000 |
|
| Finance costs |
|
|
|
|
| – Bank |
61 |
|
54 |
|
| – Loans and facilities |
33 851 |
|
60 557 |
|
| – Unwinding of contingent purchase price |
9 712 |
|
6 999 |
|
| – Other |
4 583 |
|
354 |
|
| – Discounting of payables |
165 903 |
|
165 201 |
|
| |
214 110 |
|
233 165 |
|
| Finance income |
|
|
|
|
| – Bank |
(34 002) |
|
(13 458) |
|
| – Loans |
(4 336) |
|
(2 522) |
|
| – Related-party loans (refer to note 8) |
(25 351) |
|
(14 486) |
|
| – Other |
(577) |
|
(255) |
|
| – Discounting of receivables |
(129 633) |
|
(142 326) |
|
| |
(193 899) |
|
(173 047) |
|
| Net finance costs |
20 211 |
|
60 118 |
|
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 1.4 |
|
|