Notes to the Company financial statements

for the year ended 30 June

    R million   2014   2013  
  12.   ACCOUNTS PAYABLE AND ACCRUALS      
    Financial instruments      
    Accrued expenses   38   43  
    Loan from subsidiary   229   188  
    Other payables   9   16  
      276   247  
    The fair value of accounts payable and accruals approximate their carrying value.