|
|
|
|
2011 |
2010 |
|
|
|
|
R000 |
R000 |
15. |
Long-term provisions |
|
|
|
Environmental obligations |
|
|
|
|
|
Provision against cost of decommissioning assets |
152 005 |
116 659 |
|
Balance at beginning of year |
116 659 |
119 366 |
|
Provisions raised/(reversed) during the year |
25 798 |
(3 355) |
|
Provision discount adjustment |
9 548 |
648 |
|
Provision for cost of environmental restoration |
52 805 |
54 586 |
|
Balance at beginning of year |
|
|
54 586 |
61 161 |
|
Provisions reversed during the year |
(5 382) |
(10 649) |
|
Provision discount adjustment |
3 601 |
4 074 |
|
|
|
|
|
|
|
Balance at end of year |
|
|
204 810 |
171 245 |
|
Post-retirement healthcare benefits (refer note 33) |
|
|
|
Balance at beginning of year |
|
|
10 597 |
10 648 |
|
Increase/(decrease) in benefits payable |
1 252 |
(51) |
|
Balance at end of year |
11 849 |
10 597 |
|
Carried forward |
216 659 |
181 842 |
|
Brought forward |
|
|
216 659 |
181 842 |
|
Deferred bonus scheme |
|
|
|
|
|
Balance at beginning of year |
|
|
32 251 |
14 782 |
|
Provision (reversed)/raised during the year |
(2 067) |
17 469 |
|
Transferred to short-term provisions (refer note 17) |
(23 955) |
|
|
Balance at end of year |
|
|
6 229 |
32 251 |
|
|
|
|
222 888 |
214 093 |
|
|
|
|
|
|
|
Environmental restoration obligations before funding (as above) |
204 810 |
171 245 |
|
Less: Cash deposits held by environmental trusts (per balance sheet) |
70 292 |
57 927 |
|
Obligation provided for on the balance sheet, but not yet funded |
134 518 |
113 318 |
|
The provision for environmental restoration obligations is calculated based on discounted cash flow techniques using inflation rates of between 6,5% and 9,5% (2010: 4% and 9,5%) and nominal rates of between 8,5% and 13% (2010: 7,5% and 13%). |
|
|