Notes to the Group financial statements

for the year ended 30 June

    R million   2014   2013  
  23.   ACCOUNTS PAYABLE AND ACCRUALS      
    Financial instruments      
    Trade payables   265   209  
    Accrued expenses   741   699  
    Interest payable   8   10  
    Capital creditors   29   22  
    Current portion of interest rate cross currency swaps   –   15  
    Other payables   93   79  
      1 136   1 034  
    Non financial instruments      
    VAT   41   47  
    Employee related accruals   339   343  
      1 516   1 424  
    The fair value of all non derivative financial instruments approximates their carrying value.