1. RESULTS OF OPERATIONS
1.4 Finance costs and finance income
 

Finance costs/income are recognised in profit or loss using the effective interest rate method as the instruments to which this relates are measured at amortised cost.

Where the core business of a Group subsidiary is providing finance to its customers, the interest earned from these customers is recognised as revenue and the related interest incurred is recognised in finance costs incurred in the generation of revenue in the income statement. In all other scenarios, interest is recognised as a finance income or finance expense below operating profit.

2020 
R’000 
  Restated*
2019 
R’000 
 
Finance costs
— Bank 667    842   
— Loans and facilities 203 378    208 612   
— Unwinding of contingent purchase price 1 166     
— Related-party loans   149   
— Other 5 431    5 875   
— Fair value movement on put option 7 654    14 825   
— Unwinding of lease liability 11 686    —   
  229 988    230 306   
Finance income        
— Bank (63 371)   (26 924)  
— Loans (4 738)   (7 585)  
— Related-party loans (2 153)   (45 528)  
— Other (5 205)   (9 359)  
— Discounting of receivables (2 708)   (2 896)  
  (78 175)   (92 292)  
Net finance costs 151 813    138 014   
* As a result of the discontinued operations, the Group has restated its comparative financial information. Refer to note 11 for details.