| Notes to the financial statements | Note 24 |
|
| Company |
|
|
|
Group |
|
| 2017 |
|
2016 |
|
|
(R’million) |
2017 |
|
2016 |
|
| |
|
|
|
24 |
Trade and other payables |
|
|
|
|
| |
|
|
|
|
Trade payables |
2 358,1 |
|
2 291,3 |
|
| |
|
|
|
|
Contract liabilities – rebates and incentives* |
687,6 |
|
713,6 |
|
| |
|
|
|
|
Accruals |
623,0 |
|
507,1 |
|
| |
|
|
|
|
VAT payable |
223,7 |
|
177,9 |
|
| 28,7 |
|
21,7 |
|
|
Other creditors |
383,2 |
|
464,1 |
|
| |
|
|
|
|
Defined benefit pension fund liability (refer to note 29) |
2,6 |
|
3,1 |
|
| 28,7 |
|
21,7 |
|
|
|
4 278,2 |
|
4 157,1 |
|
| |
|
|
|
|
| * |
During the year, R2,5 billion (2016: R2,3 billion) was raised and R2,6 billion
(2016: R2,2 billion) was settled. |
| |
Trade payables are non-interest-bearing and are normally settled within 30 to 45-day
terms. Included within trade payables is
derivative liabilities of R6,0 million
(2016: R29,1 million) which are carried
at fair value. Refer to note 32.7 for
further details. |
|
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|
| Notes to the financial statements | Note 24 |
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