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Net finance costs (Tables)
12 Months Ended
Jun. 30, 2024
Net finance costs  
Schedule of net finance costs, finance income

    

2024

2023

2022

 

for the year ended 30 June

    

Note

    

Rm

    

Rm

    

Rm

 

Finance income

  

 

  

 

  

 

  

Notional interest

  

 

 

 

29

Interest received on

  

 

3 226

 

2 253

 

991

other long-term investments

  

 

63

 

58

 

49

loans and receivables

  

 

143

 

89

 

141

cash and cash equivalents

  

 

3 020

 

2 106

 

801

Per income statement

  

 

3 226

 

2 253

 

1 020

Less: notional interest

  

 

 

 

(29)

Less: interest received on tax

  

 

(15)

 

(11)

 

(5)

Per the statement of cash flows

  

 

3 211

 

2 242

 

986

Finance costs

  

 

 

 

Debt

  

 

8 952

 

7 408

 

5 419

debt

  

 

8 952

 

7 408

 

5 066

interest rate swap – net settlements

  

 

 

 

353

Interest on lease liabilities

  

 

1 557

 

1 451

 

1 357

Other

  

 

203

 

146

 

95

 

10 712

 

9 005

 

6 871

Amortisation of loan costs

13

 

161

 

212

 

132

Notional interest

 

1 198

 

1 116

 

633

Total finance costs

  

 

12 071

 

10 333

 

7 636

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

16

 

(1 644)

 

(1 074)

 

(740)

Per income statement

  

 

10 427

 

9 259

 

6 896

Total finance costs before amortisation of loan costs and notional interest

  

 

10 712

 

9 005

 

6 871

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

 

(2 071)

 

(1 966)

 

(1 463)

Less: interest raised on tax payable

  

 

(3)

 

(6)

 

(4)

Per the statement of cash flows

  

 

8 638

 

7 083

 

5 478

1RCF loan costs expensed in 2023 upon refinancing of banking facilities.
Schedule of net finance costs, finance costs

    

2024

2023

2022

 

for the year ended 30 June

    

Note

    

Rm

    

Rm

    

Rm

 

Finance income

  

 

  

 

  

 

  

Notional interest

  

 

 

 

29

Interest received on

  

 

3 226

 

2 253

 

991

other long-term investments

  

 

63

 

58

 

49

loans and receivables

  

 

143

 

89

 

141

cash and cash equivalents

  

 

3 020

 

2 106

 

801

Per income statement

  

 

3 226

 

2 253

 

1 020

Less: notional interest

  

 

 

 

(29)

Less: interest received on tax

  

 

(15)

 

(11)

 

(5)

Per the statement of cash flows

  

 

3 211

 

2 242

 

986

Finance costs

  

 

 

 

Debt

  

 

8 952

 

7 408

 

5 419

debt

  

 

8 952

 

7 408

 

5 066

interest rate swap – net settlements

  

 

 

 

353

Interest on lease liabilities

  

 

1 557

 

1 451

 

1 357

Other

  

 

203

 

146

 

95

 

10 712

 

9 005

 

6 871

Amortisation of loan costs

13

 

161

 

212

 

132

Notional interest

 

1 198

 

1 116

 

633

Total finance costs

  

 

12 071

 

10 333

 

7 636

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

16

 

(1 644)

 

(1 074)

 

(740)

Per income statement

  

 

10 427

 

9 259

 

6 896

Total finance costs before amortisation of loan costs and notional interest

  

 

10 712

 

9 005

 

6 871

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

 

(2 071)

 

(1 966)

 

(1 463)

Less: interest raised on tax payable

  

 

(3)

 

(6)

 

(4)

Per the statement of cash flows

  

 

8 638

 

7 083

 

5 478

1RCF loan costs expensed in 2023 upon refinancing of banking facilities.