For the year ended 31 march 2011
| Restated 2010 |
2011 | |
|---|---|---|
| Rm | Rm | |
| Finance charges and fair value movements | 1,068 | 1,084 |
| Finance charges on interest-bearing debt | 1,143 | 907 |
| Local debt | 1,365 | 1,021 |
| Foreign debt | 11 | 3 |
| Less: Finance charges capitalised | (233) | (117) |
| Foreign exchange gains and losses and fair value movement | (75) | 177 |
| Foreign exchange (gains)/losses | (133) | 50 |
| Fair value adjustments on derivative instruments | 58 | 127 |
| Capitalisation rate for borrowing costs (%) | 11.7 | 11.4 |
| Fair value adjustments on derivative instruments were due to currency fluctuations and lower interest rates impacting negatively on forward exchange contracts and interest rate swap agreements, partially reduced by growth in the assets held by the Cell Captive. |