| Group | ||||||||||||
| 2023 | 2022 | |||||||||||
| For the year ended 31 December |
Gross Rm |
Tax Rm |
NCI Rm |
Net Rm |
Gross Rm |
Tax Rm |
NCI Rm |
Net Rm |
||||
| Unrealised exchange differences on translation of foreign operations | 88 | (20) | 68 | 34 | (8) | 26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Changes in fair value of equity investments at FVOCI | (40) | 9 | 7 | (24) | 28 | (18) | (2) | 8 | ||||
| Remeasurement of retirement employee | ||||||||||||
| obligations | 3 | (1) | 2 | |||||||||
| Cash flow hedges | ||||||||||||
| – Changes in fair value on cash flow hedges: interest rate swaps | (51) | 14 | 10 | (27) | 156 | (43) | (32) | 81 | ||||
| – | Recycling of changes in fair value adjustments on cash flow hedges: interest rate swaps | (20) | 5 | 4 | (11) | 97 | (27) | (19) | 51 | |||
| – Changes in fair value on cash flow hedges: FECs | (10) | 3 | 2 | (5) | ||||||||
| Cost of hedging | ||||||||||||
| – Changes in fair value on FECs | (12) | 3 | 2 | (7) | ||||||||
| Share of OCI of equity-accounted investments relating to: | 211 | (49) | 162 | 156 | (2) | (35) | 119 | |||||
| – | Unrealised exchange differences on translation of foreign operations | 214 | (50) | 164 | 147 | (34) | 113 | |||||
| – Remeasurement of retirement employee obligations | 3 | (1) | 2 | 1 | 1 | |||||||
| – Cash flow hedge reserve movement | (6) | 1 | 1 | (4) | 7 | (2) | (1) | 4 | ||||
| – Equity-settled reserve movement | 1 | 1 | ||||||||||
| Total | 166 | 34 | (44) | 156 | 474 | (90) | (97) | 287 | ||||
IR