Notes to the consolidated financial statements - Note 27

    2013
R'000		     2012
R'000		  
27. Borrowings          
  Loans secured by mortgage bonds over fixed property (refer note 13) 29 494     20 289  
  Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements (refer note 13) 99 221     120 718  
  Unsecured loans 10 813 980     7 649 502  
      Listed bonds 2 925 000     1 850 000  
      Listed commercial paper 2 134 840     2 105 842  
      Other 5 754 140     3 693 660  
  Floorplan creditors secured by pledge of inventories (refer note 21) 696 832     440 383  
  Borrowings 11 639 527     8 230 892  
  Bank overdrafts 1 360 404     1 255 848  
  Total borrowings 12 999 931     9 486 740  
  Less: Short-term portion of borrowings (5 530 296)     (5 446 882)  
  Long-term portion of borrowings 7 469 635     4 039 858  
  Schedule of repayment of borrowings          
  Year to June 2013       4 191 034  
  Year to June 2014 4 169 892     1 168 543  
  Year to June 2015 4 561 708     2 022 242  
  Year to June 2016 1 000 925     467 308  
  Year to June 2017 100 886     98 159  
  Thereafter 1 806 116     283 606  
    11 639 527     8 230 892  
  Total borrowings comprise          
  Borrowings 11 639 527     8 230 892  
      Local subsidiaries 6 451 277     5 127 347  
      Foreign subsidiaries 5 188 250     3 103 545  
  Overdrafts 1 360 404     1 255 848  
      Local subsidiaries 1 360 404     1 217 094  
      Foreign subsidiaries –     38 754  
    12 999 931     9 486 740  
    %     %  
  Effective weighted average rate of interest on          
  Local borrowings excluding overdrafts 7,5     8,0  
  Foreign borrowings excluding overdrafts 2,3     2,7  

    2013     2012
Carrying
value
R’000		  
    Currency   Nominal
interest rate
%		   Year of
maturity		   Carrying
value
R’000		    
  Terms and debt repayment schedule                      
  Terms and conditions of outstanding loans were:                      
  Borrowings of local subsidiaries             6 451 277     5 127 347  
     Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements ZAR   9,0 – 10,5   2016   390     –  
     Listed bonds ZAR   7,2 – 10,2   2014 – 2018   2 925 000     1 850 000  
     Commercial paper ZAR   5,3 – 5,8   2014   2 134 840     2 105 842  
     Unsecured loans ZAR   5,3 – 11,5   2014 – 2020   694 215     731 122  
     Floorplan creditors secured by pledge of inventories ZAR   7,3 – 8,5   2014   696 832     440 383  
  Borrowings of foreign subsidiaries             5 188 250     3 103 545  
      Loans secured by mortgage bonds over fixed property GBP   2,2 – 9,6   2014 – 2019   29 494     20 289  
      Loans secured by lien over certain property, plant and equipment in terms of financial leases and suspensive sale agreements GBP   5,6 – 8,0   2014 – 2017   4 245     7 078  
    PLN   3,4 – 4,1   2016 – 2017   24 640     24 390  
    EUR   3,0 – 4,5   2014 – 2031   69 946     85 494  
    Other           –     3 756  
      Unsecured loans GBP   4,5   2015   451 575     517 752  
    EUR   1,8 – 8,9   2014 – 2020   2 080 470     220 782  
    USD   1,3 – 10,0   2014   18 299     53 944  
    HKD   1,0 – 3,8   2014 – 2016   1 005 351     784 409  
    SGD   1,1 – 1,2   2014 – 2015   655 442     610 680  
    CZK   1,6 – 2,9   2018   724 276     730 075  
    PLN   3,4 – 4,1   2017   48 254     39 665  
    NZD   4,9   2014   48 262     –  
    Other   1,6 – 17,4   2013 – 2015   27 996     5 231  
  Total interest-bearing borrowings             11 639 527     8 230 892  
 

The expected maturity dates are not expected to differ from the contractual maturity dates.
Refer note 35 for further disclosure.

Notes to the consolidated financial statements - Note 27