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Net finance costs (Tables)
 12 Months Ended
Jun. 30, 2018
Net finance costs  
Schedule of net finance costs, finance income

 

 

 

 

 

2018

 

2017

 

2016

 

for the year ended 30 June

 

Note

 

Rm

 

Rm

 

Rm

 

Finance income

 

 

 

 

 

 

 

 

 

Dividends received from investments

 

 

 
520

 
59

 
23

 

Notional interest received

 

 

 
5

 
1

 
114

 

Interest received on

 

 

 

1 191

 

1 508

 

1 682

 

other long-term investments

 

 

 
32

 
36

 
30

 

loans and receivables

 

 

 
359

 
349

 
316

 

cash and cash equivalents

 

 

 
800

 

1 123

 

1 336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per income statement

 

 

 

1 716

 

1 568

 

1 819

 

Less: notional interest

 

 

 
(5

)
(1

)
(114

)

Less: interest received on tax

 

 

 
(146

)
(103

)
(72

)

 

 

 

 

 

 

 

 

 

 

Per the statement of cash flows

 

 

 

1 565

 

1 464

 

1 633

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of net finance costs, finance costs

 

 

 

 

 

2018

 

2017

 

2016

 

for the year ended 30 June

 

Note

 

Rm

 

Rm

 

Rm

 

Finance costs

 

 

 

 

 

 

 

 

 

Debt

 

 

 

4 166

 

3 463

 

2 696

 

debt

 

 

 

3 880

 

3 162

 

2 599

 

interest rate swap - net settlements

 

 

 
286

 
301

 
97

 

Preference share dividends

 

 

 
963

 
989

 
981

 

Finance leases (refer note 16)

 

 

 
483

 
86

 
76

 

Other(1)

 

 

 
291

 
378

 
26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 903

 

4 916

 

3 779

 

Amortisation of loan costs

 
16

 
462

 
279

 
157

 

Notional interest

 
31

 
962

 
834

 
657

 

 

 

 

 

 

 

 

 

 

 

Total finance costs

 

 

 

7 327

 

6 029

 

4 593

 

Amounts capitalised to assets under construction

 
18

 

(3 568

)

(2 764

)

(2 253

)

 

 

 

 

 

 

 

 

 

 

Per income statement

 

 

 

3 759

 

3 265

 

2 340

 

 

 

 

 

 

 

 

 

 

 

Total finance costs before amortisation of loan costs and notional interest

 

 

 

5 903

 

4 916

 

3 779

 

Less: interest accrued on long-term debt

 
16

 
(878

)
(956

)
(530

)

Less: interest accrued on tax payable¹

 

 

 
(228

)
(348

)

—

 

 

 

 

 

 

 

 

 

 

 

Per the statement of cash flows

 

 

 

4 797

 

3 612

 

3 249

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Interest accrued on tax payable relates mainly to our tax litigation claim. Refer to note 12.