17 | Long-term receivables and prepaid expenses |
| | | | | | | 2026 | | 2025 | for the year ended 30 June | | Rm | | Rm | Total long-term receivables | | 3 937 | | 3 635 | Impairment of long-term receivables* | | (75) | | (83) | Short-term portion | | (1 094) | | (668) | | | 2 768 | | 2 884 | Long-term prepaid expenses¹ | | 257 | | 659 | | | 3 025 | | 3 543 | Comprising: | | | | | Long-term receivables (interest-bearing) - joint operations | | 1 178 | | 1 086 | Long-term loans | | 1 590 | | 1 798 | | | 2 768 | | 2 884 |
| 1 | Includes non-cash movement of R358 million (2025: R145 million) related to an electricity supply contract at our Secunda Operations. |
The majority of movements in long-term receivables are cash movements including loans granted of R1 188 million (2025: R431 million) and repayments of R576 million (2025: R511 million). | * | Impairment of long-term loans and receivables |
Long-term loans and receivables are considered for impairment under the expected credit loss model. Refer to note 35.2 for detail on the impairments recognised.
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