INTEGRATED ANNUAL
REPORT 2020

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Notes to the consolidated financial statements

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43.

CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES

43.1

Changes in interest-bearing borrowings arising from financial activities

Changes arising from interest-bearing borrowings for the year under review, excluding bank overdrafts from short-term borrowings of R559 million (2019: R195 million), are as follows:

Long-term
borrowings
2020
Rm		 Short-term
borrowings
2020
Rm		 Total
2020
Rm
At 1 April 2019 2 885 290 3 175
Borrowings raised 2 179 – 2 179
Borrowings repaid (1 361) (290) (1 651)
Currency translation 268 – 268
Other 3 – 3
At 31 March 2020 3 974 – 3 974
Long-term
borrowings
2019
Rm		 Short-term
borrowings
2019
Rm		 Total
2019
Rm
At 1 April 2018 2 909 – 2 909
Borrowings raised 174 – 174
Borrowings repaid (145) – (145)
Currency translation 229 – 229
Transfer to short-term borrowings (290) 290 –
Other 8 – 8
At 31 March 2019 2 885 290 3 175
43.2

Changes in lease liabilities

Changes arising from lease liabilities for the year under review are as follows:

Non-current
portion
2020
Rm		 Current
portion
2020
Rm		 Total
2020
Rm
At 1 April 2019 957 – 957
New leases raised 209 – 209
Principal elements of lease payments (128) – (128)
Transfer to current lease liability (13) 13 –
Other (1) – (1)
At 31 March 2020 1 024 13 1 037

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