| 2020 R'000 | 2019 R'000 |
||||||
| 3. | Net finance charges | ||||||
| Finance income | 669 296 | 746 127 | |||||
| Interest income on banking and other advances | 379 753 | 627 035 | |||||
| Interest income on bank balances | 170 982 | 69 831 | |||||
| Interest imputed on post-retirement assets | 22 232 | 20 560 | |||||
| Interest income on financial instruments held at fair value through other comprehensive income | 96 329 | 28 701 | |||||
| Finance charges | (1 903 390) | (1 476 941) | |||||
| Interest expense on amounts owed to bank depositors | (407 489) | (332 927) | |||||
| Interest expense on bank overdrafts | (86 106) | (75 930) | |||||
| Interest expense on listed bonds and commercial paper | (358 526) | (273 195) | |||||
| Interest expense on financed assets | (1 301) | (4 267) | |||||
| Interest on lease liabilities | (436 295) | – | |||||
| Interest expense on vehicle lease creditors and floorplan creditors | (53 292) | (65 331) | |||||
| Interest expense on other borrowings | (475 064) | (590 545) | |||||
| Interest imputed on post-retirement obligations | (5 667) | (6 087) | |||||
| Unwinding of discount on puttable non-controlling interest liabilities | (1 796) | (5 013) | |||||
| Dividends on preference shares included in borrowings | (131 515) | (149 483) | |||||
| Less borrowing costs capitalised to property, plant and equipment** | 53 661 | 25 837 | |||||
| (1 234 094) | (730 814) | ||||||
| Less net finance income from banking operations included in operating profit | (195 533) | (193 771) | |||||
| Income | (589 043) | (507 975) | |||||
| Charges | 393 510 | 314 204 | |||||
| (1 429 627) | (924 585) | ||||||
| ** | The applicable weighted average interest rate is used to determine the amount of borrowing costs eligible for capitalisation. |