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Note 15 - Finance Income and Finance Cost
 12 Months Ended
Dec. 31, 2022
Statement Line Items [Line Items]  
Disclosure of finance income (cost) [text block]

15

Finance income and finance cost

 

  

2022

  

2021

  

2020

 
             

Finance income received – Bank

  17   14   62 
             

Finance cost – Term loan

  –   56   386 

Finance cost – Capitalised to property, plant and equipment (note 17)

  –   (17)  (53)

Unwinding of rehabilitation provision (note 28)

  132   –   2 

Finance cost – Leases (note 19)

  31   24   15 

Finance cost – Overdraft

  192   86   17 

ZESA interest *

  –   226   – 

Finance cost – Loan notes payable (note 30)

  302   –   – 
   657   375   367 

 

*

During the period from January 2021 to March 2021 it was unclear in what currency the monthly payments to the Zimbabwe Electricity Supply Authority (“ZESA”) had to be made. In April 2021 Blanket was advised that the payments had to be paid on a 60/40 basis USD/RTGS$. Interest was charged on the outstanding amounts to ZESA during the period January 2021 to March 2021 when payments were withheld.

 

Cash – Finance income

  17   14   62 
             

Cash – Finance cost

  (192)  (388)  (405)

Non-cash – Finance cost

  (465)  13   38 
   657   375   367