|
TRADE AND OTHER PAYABLES
|
|
2019
Rm |
| Financial instruments |
|
|
|
| Trade and other payables |
|
423 |
409 |
| Trade payables |
|
132 |
120 |
| Accrued expenses |
|
180 |
159 |
| Advance deposits(1) |
|
60 |
61 |
| Unallocated deposits |
|
31 |
32 |
| Amounts payable to hotel operators |
|
– |
15 |
| Capital expenditure payables |
|
3 |
– |
| Other payables |
|
17 |
22 |
| Non-financial instruments |
|
199 |
222 |
| VAT payable |
|
5 |
35 |
| Leave pay liability |
|
60 |
55 |
| Payroll-related payables |
|
59 |
28 |
| Long-term incentive liabilities current portion (note 37.1) |
|
– |
29 |
| Provisions current portion (note 38) |
|
75 |
74 |
| Straight-lining of operating leases current portion (note 39) |
|
– |
1 |
|
|
|
|
|
|
622 |
631 |
| (1) |
Advanced deposits consist of deposits made by corporate companies. These deposits are paid in advance for future bookings and are transferred to revenue. Performance obligations are met once the group has performed by providing accommodation or facilitated an event. The recognition of advanced deposits will occur within 12 months of the date recognised due to the nature of this deposit. |
The carrying values of trade and other payables are assumed to approximate their fair values due to the short-term
nature of trade and other payables.
The carrying amounts of the group’s trade and other payables are denominated in the following currencies:
|
|
2019
Rm |
| SA Rand |
|
516 |
500 |
| Nigerian Naira |
|
26 |
22 |
| US Dollar |
|
18 |
35 |
| Mozambican Metical |
|
25 |
21 |
| Tanzanian Shilling |
|
10 |
10 |
| Kenyan Shilling |
|
3 |
22 |
| Seychelles Rupee |
|
11 |
13 |
| Zambian Kwacha |
|
12 |
7 |
| United Arab Emirates Dirham |
|
1 |
1 |
|
|
622 |
631 |
|
