| 2015 | 2014 | ||
| R’000 | R’000 | ||
16 |
LONG-TERM PROVISIONS |
||
| Environmental obligations | |||
| Provision against cost of decommissioning assets | 6 527 | 3 784 | |
| Balance at beginning of year | 3 784 | 5 030 | |
| Provisions raised/(reversed) during the year | 2 260 | (573) | |
| Unwinding of discount | 483 | 467 | |
| Reallocation to provision for environmental restoration | – | (1 140) | |
| Provision for cost of environmental restoration | 10 588 | 16 110 | |
| Balance at beginning of year | 16 110 | 15 271 | |
| Provisions raised/(reversed) during the year | 5 627 | (1 097) | |
| – | 1 140 | ||
| Transfer between long and |
(11 973) | – | |
| Unwinding of discount | 824 | 796 | |
| Leave pay | 1 318 | 3 488 | |
| Balance at beginning of year | 3 488 | 2 389 | |
| Provisions raised during the year | 219 | – | |
| Transfer between long and |
(2 389) | 1 099 | |
| Balance at end of year | 18 433 | 23 382 | |
The inflation rates applied to estimated costs used in the discounted cash flow to determine the provision for environmental restoration vary between 6,05% and 8,10% (2014: 6,5% and 8,5%) and the nominal discount rates vary between 6,05% and 8,10% (2014: 6% and 8,5%). |