| |
|
2017
R’000 |
|
|
2016
R’000 |
|
| 3. |
Net finance charges |
|
|
|
|
|
| |
Finance income |
575 607 |
|
|
426 462 |
|
| |
Interest income on banking and other advances |
460 712 |
|
|
343 687 |
|
| |
Interest income on bank balances |
81 751 |
|
|
56 126 |
|
| |
Interest imputed on post-retirement assets |
16 950 |
|
|
12 217 |
|
| |
Interest income on available-for-sale financial investments |
16 194 |
|
|
14 432 |
|
| |
Finance charges |
(1 502 458) |
|
|
(1 263 188) |
|
| |
Interest expense on amounts owed to bank depositors |
(270 625) |
|
|
(181 900) |
|
| |
Interest expense on bank overdrafts |
(73 858) |
|
|
(100 829) |
|
| |
Interest expense on listed bonds and commercial paper |
(240 032) |
|
|
(277 338) |
|
| |
Interest expense on financed assets |
(4 273) |
|
|
(8 972) |
|
| |
Interest expense on vehicle lease creditors and floorplan creditors |
(91 909) |
|
|
(104 160) |
|
| |
Interest expense on other borrowings |
(618 372) |
|
|
(392 037) |
|
| |
Interest imputed on post-retirement obligations |
(6 189) |
|
|
(7 000) |
|
| |
Unwinding of discount on puttable non-controlling interest liabilities |
(3 147) |
|
|
(2 124) |
|
| |
Dividends on preference shares included in borrowings |
(216 691) |
|
|
(200 789) |
|
| |
Less: Borrowing costs capitalised to property, plant and equipment |
22 638 |
|
|
11 961 |
|
|
|
|
|
|
|
|
| |
|
(926 851) |
|
|
(836 726) |
|
| |
Less: Net finance income from banking operations included in operating profit |
(132 709) |
|
|
(85 388) |
|
| |
Income |
(343 538) |
|
|
(231 845) |
|
| |
Charges |
210 829 |
|
|
146 457 |
|
|
|
|
|
|
|
|
| |
|
(1 059 560) |
|
|
(922 114) |
|
| |
The applicable weighted average interest rate is used to determine the amount of borrowing costs eligible for capitalisation. |