Annual Report - JD Group

18. Interest bearing liabilities continued
Interest bearing liabilities are repayable in the following financial years:
49
2004 2003
Rm Rm
Bank borrowings
2004 457
2005 291 245
2006 250 187
2007 74 –
2008 81 –
2009 21 –
717 889
Finance lease liabilities
2004 49
2005 71 58
2006 83 65
2007 95 75
2008 112 88
2009 141 113
2010 31 –
2011 36 –
2012 23 –
592 448
In terms of the articles of association of the Company and all its subsidiaries, borrowing powers are unlimited.
19. Trade and other payables
The directors consider the carrying amount of trade and other payables
to approximate their fair values. The credit period of trade payables
ranges between 30 and 90 days.
The following provisions are included in trade and other payables:
Utilised during Utilised during Balance at
Raised at 31 August 31 August 31 August
acquisition Revised 2003 2004 2004
Raised on the acquisition of Profurn: Rm Rm Rm Rm Rm
Retrenchment costs 39 4 (19) (10) 14
Closing of facilities 38 (8) (26) – 4
Lease closure costs 167 (33) (30) (43) 61
244 (37) (75) (53) 79
Utilised during Balance at
Raised on 31 August 31 August
closure 2004 2004
Raised on the closure of Profurn legacy stores: Rm Rm Rm
Retrenchment costs 1 (1) –
Lease closure costs 8 – 8
9 (1) 8
2004 2003
Other provisions: Rm Rm
Leave pay 43 45
Annual bonus 39 39
82 84