| |
|
|
2009
R’million |
|
Restated
2008
R’million |
| 22. |
FINANCIAL LIABILITY AT AMORTISED COST |
|
|
|
|
| |
Liability for products acquired |
|
— |
|
2 653,0 |
| |
This amount related to products acquired from GSK on 30 June 2008. The amount was carried at amortised cost at 30 June 2008, which approximated the fair value at that date. |
|
|
|
|
| |
The indebtedness to GSK was discharged on 7 July 2008 by raising a bridging loan from Standard Finance (Isle of Man) Ltd for the total amount as above. |
|
|
|
|
| |
The bridging loan was subsequently replaced with a five-year US Dollar term loan from a consortium of banks to a value of USD385 million. Refer to note 17 for more detail on this loan. |
|
|
|
|
