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. |