Notes to the condensed consolidated provisional annual financial statements
for the year ended 31 March 2015
2015Rm |
2014Rm |
|
|---|---|---|
| Interest-bearing debt | ||
| Non-current interest-bearing debt | 3 244 | 3 775 |
| Local debt | 2 605 | 2 815 |
| Foreign debt | 101 | 307 |
| Finance leases | 538 | 653 |
| Current portion of interest-bearing debt | 1 612 | 321 |
| Local debt | 1 260 | - |
| Foreign debt | 239 | 236 |
| Finance leases | 113 | 85 |
The Group obtained long-term funding of R1 billion during the current financial year to diversify its debt maturity profile and to finance its activities.
The repayment of the current portion of interest-bearing debt of R1 612 million (nominal as at 31 March 2015) is expected to be repaid from cash balances, available operational cash flow and/or the issue of new debt instruments.
Management believes that sufficient funding facilities will be available at the dates of repayment.