| Group | |||
| (R’million) | 2020 | 2019 | |
| 29 | Post-retirement medical aid obligations | ||
| Balance at the end of the year | |||
| Present value of obligations | (517,9) | (582,8) | |
| Liability at reporting date | (517,9) | (582,8) | |
| Movement in the liability recognised in the statement of financial position: | |||
| Balance at the beginning of the year | (582,8) | (617,5) | |
| Contributions paid | 49,8 | 48,2 | |
| Other expenses included in staff costs | (56,3) | (60,2) | |
| Current service cost | (1,8) | (2,2) | |
| Interest cost | (54,5) | (58,0) | |
| Actuarial gains released in terms of IAS 19R | 63,6 | 46,7 | |
| Transfer to assets held for sale (refer note 34) | 7,8 | – | |
| Balance at the end of the year | (517,9) | (582,8) | |
| The employer’s estimate of contributions expected to be paid for the 2021 financial year is R49,6 million (2020: R49,8 million). | |||
| Detailed disclosure and the respective assumptions and valuation inputs have been included in Annexure F. | |||
Annual financial
statements 2020
for the year ended 30 September 2020