23 | Trade and other payables |
| | | | | | | | | 2026 | | 2025 | | for the year ended 30 June | | Rm | | Rm | | Trade payables | | | 28 660 | | 28 272 | | Capital project related payables1 | | | 38 | | 284 | | Accrued expenses | | | 3 487 | | 3 914 | | Other payables (financial liabilities) | | | 1 905 | | 1 757 | | Related party payables | | | 741 | | 530 | | third parties | | | 104 | | 20 | | equity accounted investments | | | 637 | | 510 | | | | | | | | | | | | 34 831 | | 34 757 | | Other payables (non-financial liabilities)2 | | | 9 728 | | 8 586 | | Duties payable to revenue authorities | | | 4 118 | | 3 866 | | Value added tax | | | 125 | | 202 | | | | | 48 802 | | 47 411 | |
| 1 | Decrease mainly due to the development cost on the completion of the Production Sharing Agreement project in Mozambique. |
| 2 | Other payables (non-financial liabilities) include employee-related payables. |
Accounting policies: Trade and other payables are initially recognised at fair value and subsequently stated at amortised cost. Capital project related payables are excluded from working capital, as the nature and risks of these payables are not considered to be aligned to operational trade payables.
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