Net finance costs

12 Months Ended

Jun. 30, 2025

6	Net finance costs


		2025		2024	2023
for the year ended 30 June	Note	Rm		Rm	Rm
Finance income
Notional interest			12	—	—
Interest received on			2 913	3 226	2 253
other long-term investments			77	63	58
loans and receivables			200	143	89
cash and cash equivalents			2 636	3 020	2 106
Per income statement			2 925	3 226	2 253
Less: notional interest			(12)	—	—
Less: interest received on tax			(95)	(15)	(11)
Per the statement of cash flows			2 818	3 211	2 242
Finance costs
Debt			8 178	8 952	7 408
Interest on lease liabilities			1 669	1 557	1 451
Other			201	203	146
			10 048	10 712	9 005
Amortisation of loan costs	13		126	161	212
Notional interest			1 171	1 198	1 116
Total finance costs			11 345	12 071	10 333
Amounts capitalised to assets under construction, a class of property, plant and equipment	16		(1 883)	(1 644)	(1 074)
Per income statement			9 462	10 427	9 259
Total finance costs before amortisation of loan costs and notional interest			10 048	10 712	9 005
Add: amortisation of modification (loss)/gain			(1)	—	194
Less: unwinding of loans costs¹			—	—	(144)
Less: interest accrued on long-term debt, lease liabilities and short-term debt			(2 035)	(2 071)	(1 966)
Less: interest raised on tax payable			(14)	(3)	(6)
Per the statement of cash flows			7 998	8 638	7 083

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