Senwesbel Consolidated Financial Statements | Page 67

24.1.4 Capital maintenance guidelines Capital includes equity attributable to the equity holders of the parent. The group maintains its own capital ratio within the following guidelines: GROUP 2020 2019 Capital maintenance OWN CAPITAL RATIO OWN CAPITAL RATIO Total assets 9 065 6 783 Equity 3 401 2 850 Liabilities 5 664 3 933 Total equity and liabilities 9 065 6 783 Calculated rate (%) 38% 42% Set target band (%) 35%-45% 35%-45% The own capital ratio is the percentage of equity to total assets. The own capital ratio is at a lower level than the previous year and is still within the set target band. The policy in respect of the maintenance of capital is in accordance with the previous financial year. GROUP Interest cover 2020 R’m 2019 * R’m Earnings before interest, tax, depreciation and amortisation (EBITDA) 618 528 Finance costs 92 82 Calculated interest cover (times) 6,7 6,4 Set target (times) >2,5 >2,5 The interest cover exceeds the minimum set target of 2,5. * Change in presentation of finance costs and cost of sales. Refer to note 35. Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 66