Blue Label Telecoms Integrated Annual Report 2014

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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS CONTINUED
For the year ended 31 May 2014
146 BLUE LABEL INTEGRATED ANNUAL REPORT 2014
3. FINANCIAL RISKS (continued)
Foreign currency risk
Financial instruments by currency
ZAR
R’000
USD
R’000
NgN
R’000
GBP
R’000
Total
R’000
2014
Financial assets
Cash and cash equivalents 1 183 767 363 1 — 1 184 131
Trade and other receivables* 2 190 568 262 — — 2 190 830
Loans receivable 46 351 — — — 46 351
Loans to associates and joint
ventures 305 153 495 — — 153 800
3 420 991 154 120 1 — 3 575 112
Financial liabilities
Non-interest-bearing borrowings 12 437 — — — 12 437
Interest-bearing borrowings 2 653 — — — 2 653
Trade and other payables* 2 888 914 261 730 105 2 890 010
2 904 004 261 730 105 2 905 100
Net financial position 516 987 153 859 (729) (105) 670 012
2013
Financial assets
Cash and cash equivalents 940 827 434 21 — 941 282
Trade and other receivables* 1 444 543 195 — — 1 444 738
Loans receivable 37 431 — — — 37 431
Loans to associates and joint
ventures — 127 441 — — 127 441
2 422 801 128 070 21 — 2 550 892
Financial liabilities
Non-interest-bearing borrowings 12 017 — — — 12 017
Interest-bearing borrowings 1 980 — — — 1 980
Trade and other payables* 2 382 721 143 344 225 2 383 433
2 396 718 143 344 225 2 397 430
Net financial position 26 083 127 927 (323) (225) 153 462
* Trade and other receivables and trade and other payables exclude non-financial instruments.
With a 10% strengthening or weakening in the rand against all other currencies, profit before tax would
have decreased or increased by R15.3 million. In the prior year, with a 10% strengthening or weakening in
the rand against all other currencies, profit before tax would have decreased or increased by R12.7 million.