| 2018 R'000 |
2017 R’000 |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| 15 | LONG-TERM PROVISIONS | ||||||||
| Environmental obligations | |||||||||
| Provision against cost of decommissioning assets | 65 840 | 36 187 | |||||||
| Balance at beginning of year | 36 187 | 6 079 | |||||||
| Provisions raised during the year | 26 671 | 26 662 | |||||||
| Unwinding of discount on the provision | 2 982 | 3 446 | |||||||
| Provision for cost of environmental restoration | 34 940 | 43 865 | |||||||
| Balance at beginning of year | 43 865 | 16 696 | |||||||
| Provisions (utilised)/raised during the year | (12 502) | 22 956 | |||||||
| Unwinding of discount on the provision | 3 577 | 4 213 | |||||||
| Employee benefit liability | 77 416 | 47 626 | |||||||
| Balance at beginning of year | 47 626 | – | |||||||
| Provision arising on acquisition of Dwarsrivier | – | 56 478 | |||||||
| Provisions raised during the year | 41 199 | – | |||||||
| Payments made during the year | (11 409) | – | |||||||
| Transfer between long and short-term provisions | – | (8 852) | |||||||
| Transfer to disposal groups held-for-sale | (11 557) | – | |||||||
| Balance at end of year | 166 639 | 127 678 | |||||||
| The inflation rates applied to estimate costs used in the discounted cash flow to determine the provision for environmental restoration vary between 6,03% and 6,30% (2017: 6,30% and 8,25%) and the nominal discount rates vary between 8,25% and 8,49% (2017: 6,30% and 8,25%). |