Notes to the condensed consolidated provisional annual financial statements
for the year ended 31 March 2014
2014 |
2013 | |
|---|---|---|
Rm
Rm | ||
| Interest-bearing debt | ||
| Non-current interest-bearing debt | 3 775 | 3 899 |
| Local debt | 2 815 | 2 730 |
| Foreign debt | 307 | 456 |
| Finance leases | 653 | 713 |
| Current portion of interest-bearing debt | 321 | 2 758 |
| Local debt | - | 2 494 |
| Foreign debt | 236 | 207 |
| Finance leases | 85 | 57 |
The Company repaid the syndicated loan of R2 billion out of available cash during the reporting period.
The current portion of interest-bearing debt of R321 million (nominal) is expected to be repaid from available operational cash flow and/or the issue of new debt instruments.
Management believes that sufficient funding facilities will be available at the date of repayment.