for the year ended 31 March 2011
Restated |
2011 |
|
|---|---|---|
Rm |
Rm |
|
| Non-current interest-bearing debt | 7,925 | 8,198 |
| Local debt | 6,863 | 6,918 |
| Foreign debt | 156 | 429 |
| Finance Leases | 906 | 851 |
| Current portion of interest-bearing debt | 1,812 | 157 |
| Local debt | 1,711 | - |
| Foreign debt | 55 | 98 |
| Finance Leases | 46 | 59 |
| Repayments/refinancing | ||
| The R157 million nominal value of the current portion of interest-bearing debt as at 31 March 2011 is expected to be repaid/refinanced from available cash, operational cash flows and issue if new debt measurements. | ||
| The Group repaid Private Placings debt instruments (PP02 and PP03) with a nominal value of R1,780 million on maturity. | ||
| Management believes that sufficient funding will be available at the date of repayment. | ||
| The Group entered into a USD127 million Export Credit Agency (ECA) facility agreement during the year. This facility is being utilised to finance equipment for the 8•ta network roll out. The facility is expected to be fully utilised during the next financial year and is repayable over 5 years. |