2014 Rm |
2013 Rm |
||
11. |
Held-to-maturity financial assets |
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Investment in interest-bearing instruments | |||
Beginning of the year | 32 | 49 | |
Sold | – | (21) | |
Interest accrued (note 28) | 3 | 4 | |
End of the year | 35 | 32 | |
The investment is held through the Impala Pollution Control, Rehabilitation and Closure Trust Fund. The fund is an irrevocable trust under the Group’s control. The interest rate on interest bearing investments are 10% on average with a maturity date in the 2016 financial year. |