Note 19: Trade and other payables

for the year ended 31 March 2016

 
2016
Rm
Restated
2015
Rm
Trade and other payables 7 134 5 635
Trade payables 3 872 2 797
Finance cost accrued 54 108
Accruals and other payables 3 208 2 730

The increase in trade and other payables balances is mainly due to the payables consolidated as a result of the acquisition of BCX. Accruals and other payables mainly represent amounts payable for goods received net of value added tax, obligations and licence fees.

Included in the current and prior year balance is the refund from SARS of R854 million. Refer to note 21.