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Reconciliation of future minimum lease payments under finance leasesPresent value ofMinimum leaseminimum leasepaymentspayments2003 2002 2003 2002Rm Rm Rm RmAmounts payable under finance leases:Within one year 44.4 20.7 – –Within two to five years 177.7 82.9 – –Thereafter 724.3 343.8 324.3 136.4946.4 447.4 324.3 136.4Less: Future finance charges (622.1) (311.0) – –Present value of leasing obligations 324.3 136.4 324.3 136.425. INTEREST BEARING BORROWINGS2003 2003 2002Rm Rm RmFacility Utilised UtilisedBank overdrafts:*Committed 9 436.6 6 688.4 –ABN AMRO 400.0 390.0 –Anglo American Corporation of South Africa Limited 1 000.0 – –ABSA Limited 2 000.0 1 555.9 –Investec Bank Limited 400.0 371.8 –FirstRand Limited 1 636.6 1 583.3 –Nedbank Limited 2 000.0 1 779.4 –The Standard Bank of South Africa Limited 2 000.0 1 008.0 –†Uncommited 737.0 479.7 –ABN AMRO 167.5 156.9 –Citibank, N.A. JHB 234.5 60.5 –Credit Agricole Indosuez 335.0 262.3 –10 173.6 7 168.1 –*Committed facilities are defined as the banks’ obligation to provide funding until maturity of the facility, by which time the renewalof the facility is negotiated. The committed facilities are annual facilities subject to review in November and December 2004.†Uncommitted facilities are callable on demand and will be renegotiated at various dates during 2004.At 31 December 2002, the Group had borrowing facilities of R2 735 million available, none of which hadbeen utilised.The weighted average borrowing rate at 31 December 2003 was 8.6925%.Borrowing powersThe borrowing powers in terms of the Articles of Association of the Company and its subsidiaries areunlimited.80