| |
| |
2018
R’m |
|
| Finance income |
|
(60) |
|
(40) |
|
| Interest revenue calculated using the effective interest rate method |
|
(1) |
|
(2) |
|
| Foreign exchange gains |
|
(54) |
|
(30) |
|
| Other |
|
(5) |
|
(8) |
|
| Finance cost |
|
1 058 |
|
1 002 |
|
| Interest-bearing borrowings and bank overdrafts |
|
739 |
|
733 |
|
| Interest rate swap contracts |
|
16 |
|
12 |
|
| Borrowing cost capitalised1 |
|
(8) |
|
(16) |
|
| Preference shares |
|
142 |
|
224 |
|
| Foreign exchange losses |
|
66 |
|
30 |
|
| Unwinding of contingent consideration |
|
44 |
|
– |
|
| Other |
|
59 |
|
19 |
|
|
|
|
|
|
|
| Net finance cost |
|
998 |
|
962 |
|
|
|
|
|
|
|
1 The Group has used an average rate of 8.7% (2018: 8.6%) in determining the borrowing costs capitalised. |