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NotestotheConsolidatedFinancialStatements

(continued)

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

2015

38

for the period ended 31 December 2015

31 December 2015

31 March 2015

R’000

R’000

17.

Funding

By maturity

Demand to one month

2 700

109 000

One to three months

385 000

445 000

Three months to one year

1 150 000

775 000

More than a year

2 544 700

2 441 300

4 082 400

3 770 300

By nature

Domestic medium-term note programme (a)

1 925 000

2 370 000

Term funding (b)

2 157 400

1 400 300

4 082 400

3 770 300

(a) The domestic medium-term notes are denominated in Rands, have a nominal value of R1,925 million (31 March 2015:

R2,370 million), are unsecured and bear interest at variable interest rates linked to 3 month JIBAR. Maturity as at the reporting

date is as follows: R500million between three months and one year and R1,425million after more than one year (31 March 2015:

R245millionwithin one to threemonths, and R500million between threemonths and one year and R1,625million after more than one year).

(b) Term funding is denominated in Rands, unsecured and bears interest at variable interest rates. Maturity as at the reporting

date is R2.7 million demand to one month, R385 million within one to three months, R650 million within three months

to one year and R1,119.7 million after more than one year (31 March 2015: R109 million demand to one month,

R200 million within one to three months, R275 million within three months to one year and R816.3 million after more than one year).

18.

Trade and other payables

Trade and other payables

438 739

324 137

Leave pay accrual

4 585

4 374

VAT

3 156

2 642

446 480

331 153

19.

Operating leases, commitments and contingent liabilities

Operating leases

The RCS Group occupies the following properties:

Liberty Grande

This is a property leased from Precious Prospect Trading 50 Proprietary Limited effective 1 July 2014.

Mowbray Business Park

This is a property leased from Acucap Investments Proprietary Limited effective 1 November 2014.