Trade and other payables

12 Months Ended

Jun. 30, 2023

Trade and other payables.

Trade and other payables

24 Trade and other payables

	2023		2022
for the year ended 30 June	Rm		Rm
Trade payables		26 311	26 888
Capital project related payables1		1 155	457
Accrued expenses		4 712	4 807
Other payables (financial liabilities)2		2 295	6 611
Related party payables		645	1 110
third parties		40	191
equity accounted investments		605	919
		35 118	39 873
Other payables (non-financial liabilities)3		9 228	9 037
Duties payable to revenue authorities		4 051	4 172
Value added tax		121	473
		48 518	53 555

1 Increase mainly due to ramp up of development cost on the Production Sharing Agreement (PSA) project in Mozambique.

2 In 2022 other payables (financial liabilities) included payables for mainly crude oil derivatives that settled out of the money.

3 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.