4. FAIR VALUE LOSS/(PROFIT) ON DERIVATIVE FINANCIAL INSTRUMENTS
 
  2019
R’m		   2018 
R’m 		  
Fair value loss/(profit) on interest rate swap contracts 32   (30)  
Fair value loss/(profit) on the Max1 foreign exchange option contracts 406   (23)  
Fair value profit on B-share option liability –   (74)  
  438   (127)  

1 Max Healthcare Institute Limited (Max).