|
|
2016 |
2015 |
|
|
R’000 |
R’000 |
16 |
LONG-TERM PROVISIONS |
|
|
|
Environmental obligations |
|
|
|
Provision against cost of decommissioning assets |
6 079 |
6 527 |
|
Balance at beginning of year |
6 527 |
3 784 |
|
Provisions (utilised)/raised during the year |
(1 400) |
2 260 |
|
Unwinding of discount on the provision |
952 |
483 |
|
Provision for cost of environmental restoration |
16 696 |
10 588 |
|
Balance at beginning of year |
10 588 |
16 110 |
|
Provisions raised during the year |
4 563 |
5 627 |
|
Transfer between long and short-term provisions |
– |
(11 973) |
|
Unwinding of discount on the provision |
1 545 |
824 |
|
Leave pay |
– |
1 318 |
|
Balance at beginning of year |
1 318 |
3 488 |
|
Provisions (utilised)/raised during the year |
(1 318) |
219 |
|
Transfer between long and short-term provisions |
– |
(2 389) |
|
|
|
|
|
Balance at end of year |
22 775 |
18 433 |
|
|
|
|
|
The inflation rates applied to estimate costs used in the
discounted cash flow to determine the provision for environmental
restoration vary between 8,79% and 10,75% (2015: 6,05% and 8,10%) and the
nominal discount rates vary between 8,79% and 10,75% (2015: 6,05% and
8,10%). |
|
|