| Notes to consolidated financial statements l Note 15 |
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15 |
LONG-TERM PROVISIONS |
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Environmental obligations |
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Provision against cost of decommissioning assets |
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36 187 |
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Balance at beginning of year |
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6 079 |
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Provisions raised/(utilised) during the year |
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26 662 |
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Unwinding of discount on the provision |
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3 446 |
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Provision for cost of environmental restoration |
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43 865 |
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Balance at beginning of year |
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16 696 |
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Provisions raised during the year |
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22 956 |
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Unwinding of discount on the provision |
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4 213 |
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Employee benefit liability |
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47 626 |
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Provision arising on acquisition of Dwarsrivier |
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56 478 |
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Transfer between long and short-term provisions |
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(8 852) |
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Leave pay |
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– |
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Balance at beginning of year |
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– |
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Provisions utilised during the year |
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– |
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Balance at end of year |
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127 678 |
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The inflation rates applied to estimate costs used in the discounted cash flow to determine the provision for environmental restoration vary between 6,30% and 8,25% (2016: 8,79% and 10,75%) and the nominal discount rates vary between 6,30% and 8,25% (2016: 8,79% and 10,75%). |
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| Notes to consolidated financial statements l Note 15 |
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