Trade and other payables

12 Months Ended

Jun. 30, 2022

26	Trade and other payables


	2022		2021
for the year ended 30 June	Rm		Rm

Trade payables*		26 888	17 197
Capital project related payables		457	960
Accrued expenses		4 807	4 323
Other payables (financial liabilities)**		6 611	652
Related party payables		1 110	157
third parties		191	155
equity accounted investments		919	2
Trade payables		39 873	23 289
Other payables (non financial liabilities)***		9 037	8 422
Duties payable to revenue authorities		4 172	4 785
Value added tax		473	174
		53 555	36 670

Increase mainly due to the increase in the cost of raw material

Other payables (financial liabilities) relate to payables for crude oil derivatives that settled out of the money.

***

Other payables (non-financial liabilities) include employee-related payables.

Accounting policies:

Trade and other payables are initially recognised at fair value and subsequently stated at amortised cost. Capital project related payables are excluded from working capital, as the nature and risks of these payables are not considered to be aligned to operational trade payables.