NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 14

    2014
Rm
2013
Rm
2012
Rm
14. INTEREST-BEARING LIABILITIES      
  Total long-term borrowings (note 31.2) 9 064 7 664 7 493
  Less: Current portion redeemable and repayable within one year (note 18) (2 143) (379) (445)
  Interest-bearing liabilities 6 921 7 285 7 048
  Per category:      
  Financial liabilities measured at amortised cost 5 954 6 591 6 583
  Non-current portion of finance lease liabilities 967 694 465
    6 921 7 285 7 048

      Repayable during the year ending 30 September    
    Total
owing
2014
Rm
2015
Rm
2016
Rm
2017
Rm
2018
Rm
2019 and
onwards
Rm
Total
owing
2013
Rm
Total
owing
2012
Rm
  Summary of group borrowings by currency and by year of redemption or repayment                
  Total SA rand 8 815 2 113 1 730 1 300 611 3 061 7 447 7 228
  US dollar 14 10 4       23 26
  Euro 39 7 7 7 8 10 44 83
  Other 196 13 164 19     150 156
  Total foreign currencies 249 30 175 26 8 10 217 265
  Total SA rand and foreign currency liabilities 9 064 2 143 1 905 1 326 619 3 071 7 664 7 493

    Liabilities secured Net book value of assets
encumbered
  Included above are secured liabilities as follows: 2014
Rm
2013
Rm
2012
Rm
2014
Rm
2013
Rm
2012
Rm
  Secured liabilities            
  Secured loans            
  South African rand 157 75 84 135 121 78
  Liabilities under capitalised finance leases (note 28)            
  South African rand 1 213 828 463 1 568 872 472
  Foreign currencies 39 44 83     2
  Total secured liabilities 1 409 947 630 1 703 993 552
  Assets encumbered are made up as follows:            
  Property, plant and equipment       1 703 993 552
          1 703 993 552

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 14