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Net finance costs

12 Months Ended

Jun. 30, 2022

Net finance costs

Net finance costs

7	Net finance costs


				2022			2021		2020
for the year ended 30 June		Note		Rm			Rm		Rm
Finance income
Dividends received from investments					–		–		44
Notional interest received					29		4		102
Interest received on					991		852		776
other long-term investments					49		40		28
loans and receivables					141		199		293
cash and cash equivalents					801		613		455
Per income statement					1 020		856		922
Less: notional interest					(29)		(4)		(102)
Less: interest received on tax					(5)		(15)		(28)
Per the statement of cash flows					986		837		792
Finance costs
Debt					5 419		5 238		8 226
debt					5 066		4 855		8 090
interest rate swap – net settlements					353		383		136
Interest on lease liabilities					1 357		1 488		1 465
Other					95		84		52
					6 871		6 810		9 743
Amortisation of loan costs		16			132		160		135
Notional interest					633		668		945
Total finance costs					7 636		7 638		10 823
Amounts capitalised to assets under construction a class of property, plant and equipment		19			(740)		(880)		(3 520)
Per income statement					6 896		6 758		7 303
Total finance costs before amortisation of loan costs and notional interest					6 871		6 810		9 743
Add: modification gain/(loss)					74		–		(1 193)
Less: interest accrued on long-term debt, lease liabilities and short-term debt					(1 463)		(637)		(1 412)
Less: interest (raised)/reversed on tax payable					(4)		–		16
Per the statement of cash flows					5 478		6 173		7 154