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%). |