Notes to the consolidated financial statements |
| for the year ended 30 June 2008 |
| |
 |
|
|
2008 |
|
2007 |
| |
|
|
R’000 | |
R’000 |
14. |
LONG-TERM PROVISIONS |
|
|
|
|
| |
Environmental obligations |
|
|
|
|
| |
Provision for cost of decommissioning assets |
|
101 895 |
|
50 170 |
| |
Balance at beginning of year |
|
50 170 |
|
25 416 |
| |
Provisions raised during the year |
|
35 761 |
|
7 083 |
| |
Provision discount adjustment |
|
1 721 |
|
906 |
| |
Increase in decommissioning assets |
|
14 243 |
|
16 765 |
| |
Provision for cost of environmental restoration |
|
39 373 |
|
23 489 |
| |
Balance at beginning of year |
|
23 489 |
|
28 406 |
| |
Provisions raised/(reversed) during the year |
|
15 120 |
|
(5 405) |
| |
Provision discount adjustment |
|
764 |
|
488 |
|
| |
Balance at end of year |
|
141 268 |
|
73 659 |
| |
Post-retirement healthcare benefits (refer note 33) |
|
|
|
|
| |
Balance at beginning of year |
|
8 084 |
|
10 457 |
| |
Benefits |
|
1 176 |
|
– |
| |
Provision reversed during the year |
|
– |
|
(2 373) |
| |
Balance at end of year |
|
9 260 |
|
8 084 |
| |
|
|
150 528 |
|
81 743 |
| |
Environmental obligations before funding (as above) |
|
141 268 |
|
73 659 |
| |
Less: Cash deposits held by environmental trusts (per balance sheet) |
|
36 942 |
|
29 097 |
| |
Obligation provided for in the balance sheet, but not yet funded |
|
104 326 |
|
44 562 |
|
| |
