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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
21. LONG-TERM BORROWINGS
(continued)
The undiscounted maturity profile of the Group’s borrowings is as follows:
Unsecured
loans at fixed
interest rates
R'000
Secured loans
at variable
interest rates
R'000
Total
R'000
2016
Capital repayment on loans
–– payable within 12 months
–
–
–
–– payable within 12 to 24 months
–
–
–
–– payable thereafter
–
500 000
500 000
–
500 000
500 000
Interest payment on loans*
–– payable within 12 months
–
45 300
45 300
–– payable within 12 to 24 months
–
45 300
45 300
–– payable thereafter
–
22 650
22 650
–
113 250
113 250
2015
Capital repayment on loans
–– payable within 12 months
–
13 273
13 273
–– payable within 12 to 24 months
–
2 473
2 473
–– payable thereafter
4 989
506 291
511 280
4 989
522 037
527 026
Interest payment on loans*
–– payable within 12 months
449
41 103
41 552
–– payable within 12 to 24 months
449
39 571
40 020
–– payable thereafter
898
59 892
60 790
1 796
140 566
142 362
* Interest repayments have been calculated using the interest rates at the reporting dates.
22. POST-RETIREMENT MEDICAL LIABILITY
2016
R’000
2015
R’000
Balance at beginning of the year
22 796
22 034
Charged to operating profit
1 942
1 858
Benefits paid
(1 665)
(1 538)
(Released)/Charged to other comprehensive income
(6 079)
442
Balance at the end of the year
16 994
22 796
For more details refer to Annexure D.
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS