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Net finance costs (Tables)
12 Months Ended
Jun. 30, 2023
Net finance costs  
Schedule of net finance costs, finance income

    

2023

2022

2021

 

for the year ended 30 June

    

Note

    

Rm

    

Rm

    

Rm

 

Finance income

  

 

  

 

  

 

  

Notional interest received

  

 

 

29

 

4

Interest received on

  

 

2 253

 

991

 

852

other long-term investments

  

 

58

 

49

 

40

loans and receivables

  

 

89

 

141

 

199

cash and cash equivalents

  

 

2 106

 

801

 

613

Per income statement

  

 

2 253

 

1 020

 

856

Less: notional interest

  

 

 

(29)

 

(4)

Less: interest received on tax

  

 

(11)

 

(5)

 

(15)

Per the statement of cash flows

  

 

2 242

 

986

 

837

Finance costs

  

 

 

 

Debt

  

 

7 408

 

5 419

 

5 238

debt

  

 

7 408

 

5 066

 

4 855

interest rate swap – net settlements

  

 

 

353

 

383

Interest on lease liabilities

  

 

1 451

 

1 357

 

1 488

Other

  

 

146

 

95

 

84

 

9 005

 

6 871

 

6 810

Amortisation of loan costs

14

 

212

 

132

 

160

Notional interest

 

1 116

 

633

 

668

Total finance costs

  

 

10 333

 

7 636

 

7 638

Amounts capitalised to assets under construction, a class of property, plant and equipment

17

 

(1 074)

 

(740)

 

(880)

Per income statement

  

 

9 259

 

6 896

 

6 758

Total finance costs before amortisation of loan costs and notional interest

  

 

9 005

 

6 871

 

6 810

Add: modification gain

 

 

74

 

Add: amortisation of modification gain

194

Less: unwinding of loan costs1

(144)

Less: interest accrued on long-term debt, lease liabilities and short-term debt

 

(1 966)

 

(1 463)

 

(637)

Less: interest raised on tax payable

  

 

(6)

 

(4)

 

Per the statement of cash flows

  

 

7 083

 

5 478

 

6 173

1RCF loan costs expensed upon refinancing of banking facilities.
Schedule of net finance costs, finance costs

    

2023

2022

2021

 

for the year ended 30 June

    

Note

    

Rm

    

Rm

    

Rm

 

Finance income

  

 

  

 

  

 

  

Notional interest received

  

 

 

29

 

4

Interest received on

  

 

2 253

 

991

 

852

other long-term investments

  

 

58

 

49

 

40

loans and receivables

  

 

89

 

141

 

199

cash and cash equivalents

  

 

2 106

 

801

 

613

Per income statement

  

 

2 253

 

1 020

 

856

Less: notional interest

  

 

 

(29)

 

(4)

Less: interest received on tax

  

 

(11)

 

(5)

 

(15)

Per the statement of cash flows

  

 

2 242

 

986

 

837

Finance costs

  

 

 

 

Debt

  

 

7 408

 

5 419

 

5 238

debt

  

 

7 408

 

5 066

 

4 855

interest rate swap – net settlements

  

 

 

353

 

383

Interest on lease liabilities

  

 

1 451

 

1 357

 

1 488

Other

  

 

146

 

95

 

84

 

9 005

 

6 871

 

6 810

Amortisation of loan costs

14

 

212

 

132

 

160

Notional interest

 

1 116

 

633

 

668

Total finance costs

  

 

10 333

 

7 636

 

7 638

Amounts capitalised to assets under construction, a class of property, plant and equipment

17

 

(1 074)

 

(740)

 

(880)

Per income statement

  

 

9 259

 

6 896

 

6 758

Total finance costs before amortisation of loan costs and notional interest

  

 

9 005

 

6 871

 

6 810

Add: modification gain

 

 

74

 

Add: amortisation of modification gain

194

Less: unwinding of loan costs1

(144)

Less: interest accrued on long-term debt, lease liabilities and short-term debt

 

(1 966)

 

(1 463)

 

(637)

Less: interest raised on tax payable

  

 

(6)

 

(4)

 

Per the statement of cash flows

  

 

7 083

 

5 478

 

6 173

1RCF loan costs expensed upon refinancing of banking facilities.