Notes to the Group Annual Financial Statements | Note 1.4

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 in profit or loss. In all other scenarios, interest is recognised as a finance income or finance expense below operating profit.
 
      2024 
R’000 		    2023 
R’000 
Finance costs             
– Bank     292     243 
– Loans and facilities     1 082 061     664 179 
– Other     34 920     14 362 
– Unwinding of lease liability     4 083     3 815 
      1 121 356     682 599 
Finance income             
– Bank     (43 579)    (76 401)
– Loans     (8 453)    (2 132)
– Related party loans (refer to note 8)    (707 521)    (323 993)
– Related party other (refer to note 8)    (137 617)    — 
– Other     (4 714)    (9 014)
      (901 884)    (411 540)