NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Notes to the Annual Financial Statements [continued]
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
18. Borrowings [continued]
Split between non-current and current portions
Non-current liabilities - Commercial notes 19,400,000 47,350,000 - -
Non-current liabilities - Other 44,804,377 62,241,596 - -
Current liabilities - Commercial notes 47,880,000 20,930,000 - -
Current liabilities - Other 13,616,916 11,663,609 - -
125,701,293 142,185,205 - -
Exposure to liquidity risk
Refer to note 33 Financial instruments and financial risk management for details of liquidity risk exposure and management.
Exposure to interest rate risk
Refer to note 33 for details of interest rate risk management for investments in borrowings The fair value of borrowings
approximates their carrying amounts.
19. Trade and other payables
Financial instruments:
Trade payables and accrued expenses 13,812,205 20,101,737 26,857 774,896
Accrued bonus 749,383 1,205,620 86,347 142,668
Tenant deposits 1,445,832 1,782,220 - -
Brokers, clearing houses, client accounts and settlement 2,537,558 1,454,657 - -
control account
Non-financial instruments:
Amounts received in advance 5,481,298 4,958,139 - -
Accrued leave pay 2,457,310 2,325,386 622,106 638,983
Dividend Withholding Tax 805,414 955,897 - -
Payroll accruals 6,677,998 - - -
Value Added Tax 3,291,867 2,583,289 53,732 58,471
37,258,865 35,366,945 789,042 1,615,018
Exposure to interest rate risk
Refer to note 33 Financial instruments and financial risk management for details of interest rate risk management for trade and
other payables.
Fair value of trade and other payables
The fair value of trade and other payables approximates their carrying amounts.
20. Revenue
Revenue from contracts with customers
Rendering of services 263,987,588 255,727,550 8,628,684 6,919,531
Revenue other than from contracts with customers
Rental Income 46,198,243 47,685,388 - -
Interest received - 2,923,417 13,515,106 12,826,125
Dividends received - - 53,773,813 42,546,192
46,198,243 50,608,805 67,288,919 55,372,317
310,185,831 306,336,355 75,917,603 62,291,848
110
NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020