company financial statements
NOTES TO THE COMPANY FINANCIAL STATEMENTS – for the year ended 30 June 2014

    2014  
Rm  
2013  
Rm  

10.  

Liabilities  

   
  Beginning of the year   57   55  
  Repayments   (47)  –  
  Interest accrued   2   2  
  End of the year   12   57  
  Short-term portion   (7)  (45) 
  Long-term portion   5   12  
  Fees payable to Bakwena Ba-Magopa as a result of an agreement with the acquisition of Afplats. The liability has an effective interest rate of 12.9% (2013: 12.9%).