For the year ended 31 March 2016
2016Rm |
2015Rm |
|
|---|---|---|
| Other financial assets and other financial liabilities | ||
| Current other financial assets consist of: | 1 754 | 1 247 |
| Repurchase agreements | 1 634 | 1 101 |
| Derivative instruments | 101 | 146 |
| Forward exchange contracts | 20 | 70 |
| Firm commitments | 43 | 5 |
| Cross-currency swaps | 38 | 71 |
| Asset finance receivables | 19 | - |
| Repurchase agreements | ||
| The increase in other financial assets is as a result of a higher repurchase agreement balance at year end. | ||
| Current other financial liabilities consist of: | 455 | 185 |
| Forward exchange contracts | 155 | 14 |
| Firm commitments | 293 | 170 |
| Interest rate swaps | 7 | 1 |
The increase in other financial liabilities is due to the volatility of the foreign exchange markets towards the end of the financial year and the weaker rand mainly against the US dollar year on year.