| |
|
Group |
| |
(R’million) |
2020 |
2019 |
| 28 |
Pension asset |
|
|
| |
Movement in the net asset recognised in the statement of financial position |
|
|
| |
Balance at the beginning of the year |
149,0 |
133,1 |
| |
Contributions paid |
271,8 |
268,7 |
| |
Other movements (net expense in the income statement) |
(262,3) |
(260,7) |
|
|
|
|
| |
Interest cost |
(22,3) |
(24,9) |
| |
Current service cost |
(274,0) |
(271,6) |
| |
Interest on plan assets |
35,8 |
38,0 |
| |
Interest on limit |
(1,8) |
(2,2) |
| |
Remeasurements recognised in other comprehensive income |
(5,0) |
7,9 |
| |
Net actuarial (loss)/gain in terms of IAS 19R |
(21,3) |
1,9 |
| |
Unrecognised gain due to paragraph 65 limit in terms of IAS 19R |
16,3 |
6,0 |
|
|
|
|
| |
Balance at the end of the year |
153,5 |
149,0 |
| |
The net asset is included in the statement of financial position as follows: |
|
|
| |
Investments – refer note 15 |
79,9 |
75,3 |
| |
Other receivables – refer note 19 |
75,9 |
75,7 |
| |
Other payables – refer note 23 |
(2,3) |
(2,0) |
| |
|
153,5 |
149,0 |
