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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
23. TRADE AND OTHER PAYABLES
Trade accounts payable
726 919
671 919
Derivative liability at fair value
(1)
23 552
205
Other payables
806 060
649 666
Accrued expenses
616 772
519 450
Sundry payables
189 288
130 216
VAT payable
(2)
5 252
2 932
Interest accrued
2 482
3 709
1 564 265
1 328 431
(1)
It is expected that the derivative liability will be settled within the next 90 days.
(2)
VAT payable will be paid within one month.
The maturity analysis of trade and other payables is as follows:
Trade Payables
<30 days
414 413
514 936
31 – 60 days
157 200
74 672
61 – 90 days
48 339
13 510
>90 days
106 967
68 801
Total
726 919
671 919
Other Payables
<30 days
313 362
222 591
31 – 60 days
92 336
148 379
61 – 90 days
211 218
163 745
>90 days
189 144
114 951
Total
806 060
649 666
The directors consider that the carrying amount of the trade and other payables approximates their
fair value due to the short-term maturity.
24. CASH-SETTLED OPTIONS
Opening balance
6 519
14 782
Released from operating profit
(3 131)
(7 092)
Payments made
(271)
(1 171)
3 117
6 519
Refer to Annexure B
2016
R’000
2015
R’000