Notes to the Consolidated Financial Statements (continued)
For the year ended 30 June 2004
ALL MONETARY AMOUNTS ARE EXPRESSED IN MILLIONS OF RAND
2004
2003
10.
SECURED LIABILITIES
Liabilities of the Group are secured as follows:
Loans secured by inventories with a book value of R1,9 million
9,3
10,3
(2003: R2,1 million)
Amounts due on loans and overdrafts secured over movable
property with a book value of R54,4 million
46,7
61,2
(2003: R84,2 million)
56,0
71,5
Included in the balance sheet under:
Long-term loans (note 11)
27,6
37,0
Bank overdrafts and short-term loans (note 17)
28,4
34,5
56,0
71,5
11.
LONG-TERM LOANS
Secured loans
Current year
28,4
34,5
Next five years excluding current
27,6
37,0
After five years as previously stated
21,2
Reallocated to discontinued finance headlease liabilities
(21,2)
56,0
71,5
Less: Current portion (note 17)
(28,4)
(34,5)
Long-term secured loans
27,6
37,0
Unsecured loans
Current year
69,2
150,1
Next five years excluding current
102,3
152,6
171,5
302,7
Less: Current portion (note 17)
(69,2)
(150,1)
Long-term unsecured loans
102,3
152,6
Capitalised finance leases
Current year
11,6
4,6
Next five years excluding current
9,3
6,9
20,9
11,5
Less: Current portion (note 17)
(11,6)
(4,6)
Long-term capitalised finance leases
9,3
6,9
Total long-term loans
139,2
196,5
Details of the repayment terms of loans and the related interest rates are set out in Annexure 2.
The assets encumbered to secure the loans are detailed in notes 1, 6 and 10.
