| Unsecured |
|
|
| FirstRand Bank Limited loan facility (R1.5bn) |
– |
701 |
| Interest charged at JIBAR plus 0.95% per annum. Loan was repaid in February 2011 and was SA rand-based, the loan was subject to debt covenant arrangements for which no default event occurred. |
|
|
| Secured |
|
|
| Finance leases |
|
|
| Turbine Square Two (Pty) Limited |
268 |
259 |
| The leases are capitalised at an implied interest rate of 9.8% per annum. Lease payments are due in monthly instalments terminating in March 2022 and are SA rand-based. The buildings financed are used as security for these loans. |
|
|
| Total borrowings (note 31) |
268 |
960 |
| Current portion of borrowings included in current liabilities |
(3) |
(703) |
| Total long-term borrowings |
265 |
257 |
| Amounts falling due |
|
|
| Within one year |
3 |
703 |
| Between two and five years |
49 |
24 |
| After five years |
216 |
233 |
| (note 31) |
268 |
960 |
| Undrawn facility |
|
|
| Undrawn borrowing facility as at 31 December is as follows: |
|
|
| FirstRand Bank Limited – SA rand |
– |
800 |