| COMPANY | GROUP | |||||||||
| 2015 | 2014 | (R’million) | 2015 | 2014 | ||||||
| 31 | Borrowings | |||||||||
| 142,3 | 169,3 | 31.1 | Secured loans | 613,3 | 1 009,9 | |||||
| Loan bearing interest at 4,0% per annum, repayable by 2016 (denominated in euro) |
2,9 | 5,4 | ||||||||
| 142,3 | 169,3 | Loan bearing interest at 6,8% per annum, repayable by 2018 (denominated in CAF franc) |
142,3 | 169,3 | ||||||
| Loan bearing interest at 12,0% per annum, repayable by 2020 (denominated in Kenyan shilling) |
35,3 | 39,0 | ||||||||
| Loan bearing interest at 8,4% per annum, repayable by 2017 (denominated in South African rand) |
73,6 | 118,8 | ||||||||
| Loan bearing interest at 7,0% per annum, repayable by 2018 (denominated in Nigerian naira) |
11,1 | 16,0 | ||||||||
| Loan bearing interest at 7,0% per annum, repayable by 2021 (denominated in Nigerian naira) |
53,0 | 69,1 | ||||||||
| Loan bearing interest at 0% per annum, repayable by 2056 (denominated in Ethiopian birr) |
1,2 | 1,1 | ||||||||
| Loan bearing interest at 16,0% per annum, repayable by 2016 (denominated in Nigerian naira) |
138,8 | 178,8 | ||||||||
| Loan bearing interest at 17,0% per annum, repayable by 2016 (denominated in Nigerian naira) |
23,2 | 226,5 | ||||||||
| Loan bearing interest at 16,5% per annum, repayable by 2016 (denominated in Nigerian naira) |
47,5 | – | ||||||||
| Loan bearing interest at 16,0% per annum, repayable by 2017 (denominated in Nigerian naira) |
84,4 | 185,9 | ||||||||
| Analysis of secured loans by nature of security: | ||||||||||
| 142,3 | 169,3 | Pledge of shares (Chocolaterie Confiserie Camerounaise; refer to note 36) | 142,3 | 169,3 | ||||||
| Property, plant and equipment | 397,4 | 721,8 | ||||||||
| Put option against Tiger Brands | 73,6 | 118,8 | ||||||||
| 142,3 | 169,3 | 613,3 | 1 009,9 | |||||||
| Refer also to notes 11.5 and 36 for details of security | ||||||||||
| 31.2 | Unsecured loans | 1 042,9 | 546,4 | |||||||
| Loan bearing interest at 14,5% (2014: 11,1%) per annum, repayable by 2016 (denominated in Kenyan shilling) | 20,6 | 29,1 | ||||||||
| Loan bearing interest at 8,0% per annum, repayable by 2016 (denominated in Nigerian naira) | 22,3 | 17,3 | ||||||||
| Loan bearing interest at 6,0% per annum, repaid during 2015 | – | 500,0 | ||||||||
| Loan bearing interest at 7,1% per annum, repayable on a 13-month notice period (denominated in South African rand) | 1 000,0 | – | ||||||||
| 31.3 | Capitalised finance leases | 5,2 | 7,0 | |||||||
| Repayment during the next year | 2,1 | 2,2 | ||||||||
| Repayments later than one year and no later than five years | 3,1 | 4,8 | ||||||||
| Refer note 33.4. | ||||||||||
| Liabilities under capitalised finance leases bear interest at 9,5% per annum. | ||||||||||
| Capitalised finance leases relate to plant and equipment with a book value of R6,2 million (2014: R11,0 million) as per note 11.4 of these annual financial statements. | ||||||||||
| 142,3 | 169,3 | 1 661,4 | 1 563,3 | |||||||
| 31.4 | Instalments disclosed as: | |||||||||
| 43,8 | 37,5 | Short-term borrowings | 445,6 | 935,9 | ||||||
| 98,5 | 131,8 | Long-term borrowings | 1 215,8 | 627,4 | ||||||
| 142,3 | 169,3 | 1 661,4 | 1 563,3 | |||||||
| (R’million) | South African rand |
Euro | Nigerian naira |
Ethiopian birr |
Kenyan shilling |
CAF franc |
Group total |
||
| 31.5 | Summary of borrowings by currency and year of repayment | ||||||||
| During 2016 | 62,3 | 2,9 | 304,7 | – | 31,9 | 43,8 | 445,6 | ||
| During 2017 | 1 015,5 | – | 44,7 | – | 9,4 | 47,3 | 1 116,9 | ||
| During 2018 | 1,0 | – | 12,8 | – | 9,2 | 51,2 | 74,2 | ||
| During 2019 | – | – | 11,6 | – | 5,1 | – | 16,7 | ||
| During 2020 and thereafter | – | – | 6,5 | 1,2 | 0,3 | – | 8,0 | ||
| 1 078,8 | 2,9 | 380,3 | 1,2 | 55,9 | 142,3 | 1 661,4 |
| COMPANY | GROUP | |||||||||
| 2015 | 2014 | (R’million) | 2015 | 2014 | ||||||
| 194,9 | 37,5 | 31.6 | Short-term borrowings | 3 624,0 | 4 022,1 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 151, | – | Bank overdrafts | 3 178,4 | 3 086,2 | ||||||
| 43,8 | 37,5 | Current portion of long-term borroings | 445,6 | 935,9 | ||||||