Notes to the consolidated annual financial statements

for the year ended 30 September

		2008	2007	2006
		Rm	Rm	Rm
15.	Interest-bearing liabilities
	Total long-term borrowings (note 33.2)	5 196	4 909	6 237
	Less: Current portion redeemable and repayable within one year (note 19)	(174)	(530)	(762)
	Interest-bearing liabilities	5 022	4 379	5 475
	Per category:
	Financial liabilities measured at amortised cost	5 022	4 379	5 475
		5 022	4 379	5 475
	Summary of group borrowings by currency and by year of redemption or repayment

	Total	Repayable during the year ending 30 September					Total	Total
	owing					2013 and	owing	owing
	2008	2009	2010	2011	2012	onwards	2007	2006
R million
Total SA rand	4 071	37	541	1 676	99	1 718	3 022	3 363
US dollar	618	34	546	22	10	6	99	94
UK sterling	270	81	78	51	31	29	341	1 252
Norwegian krone							488	536
Swedish kronor							464	492
Danish kroner								195
Euro	193	8	91	29	8	57	462	271
Other	44	14	14	10	6		33	34
Total foreign currencies	1 125	137	729	112	55	92	1 887	2 874
Total SA rand and foreign currency liabilities	5 196	174	1 270	1 788	154	1 810	4 909	6 237
			Liabilities			Net book value of
			secured			assets encumbered
			2008	2007	2006	2008	2007	2006
Included above are secured liabilities as follows:			Rm	Rm	Rm	Rm	Rm	Rm
Secured liabilities
Secured loans
South African rand			105	60	4	135	50	3
Foreign currencies			39	968	1 763	76	959	1 881
Liabilities under capitalised finance leases (note 30)
South African rand			512	372	504	481	353	448
Foreign currencies			432	505	546	444	552	1 253
Total secured liabilities			1 088	1 905	2 817	1 136	1 914	3 585
Assets encumbered are made up as follows:
Property, plant and equipment (note 2)						1 058	1 793	2 475
Finance lease receivables (note 6)								1 008
Trade receivables (note 10)						78	121	102
						1 136	1 914	3 585
Included in secured liabilities for 2006 are loans in the United Kingdom and United States amounting to R720 million, which were secured by a charge over specific lease receivables under a securitisation transaction. Repayment of the loans would have been made from cash received from the specific receivables subject to the securitisation transaction amounting to R1 008 million as at 30 September 2006.