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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
206
Tiger Brands Limited Integrated Annual Report
2014
COMPANY
GROUP
2014
2013
(R’million)
2014
Restated*
2013
31 Borrowings
continued
31.3
Capitalised finance leases
7,0
11,6
Repayment during the next year
2,2
4,9
Repayments later than one year and no later
than five years
4,8
6,7
Refer to note 33.4.
Liabilities under capitalised finance leases bear
interest at 8,5% to 9,0% per annum.
Capitalised finance leases relate to plant and
equipment with a book value of R11,0 million
(2013: R14,5 million) as per note 11.5.
169,3
193,6
1 563,3
2 376,1
31.4
Instalments disclosed as:
37,5
33,0
Short-term borrowings
935,9
923,4
131,8
160,6
Long-term borrowings
627,4
1 452,7
169,3
193,6
1 563,3
2 376,1
(R’million)
South
African
rand
Euro
Nigerian
naira
Ethiopian
birr
Kenyan
shilling
CFA
franc
Group
total
31.5
Summary of borrowings
by currency and year
of repayment
During 2015
547,3
2,7 320,9
–
27,5 37,5
935,9
During 2016
75,6
2,7 268,0
–
27,6 40,6
414,5
During 2017
2,2
–
44,4
–
6,3 43,8
96,7
During 2018
0,7
–
12,8
–
5,6 47,4
66,5
During 2019 and thereafter
–
–
47,4
1,1
1,2
–
49,7
625,8
5,4 693,5
1,1
68,2 169,3 1 563,3
COMPANY
GROUP
2014
2013
(R’million)
2014
Restated*
2013
37,5
33,7
31.6
Short-term borrowings
4 022,1
3 650,2
–
0,7
Bank overdrafts
3 086,2
2 726,8
37,5
33,0
Current portion of long-term loans
935,9
923,4
*
The amounts have been restated due to the adoption of IAS 19R.