| |
|
GROUP |
| |
(R’million) |
| 31 |
POST-RETIREMENT MEDICAL AID OBLIGATIONS |
|
|
| |
Balance at the end of the year |
|
|
| |
Present value of obligations |
563,8 |
517,9 |
| |
Liability at reporting date |
563,8 |
517,9 |
| |
Movement in the liability recognised in the statement of financial position: |
|
|
| |
Balance at the beginning of the year |
517,9 |
582,8 |
| |
Contributions paid |
(49,6) |
(49,8) |
| |
Other expenses included in staff costs |
55,0 |
56,3 |
| |
Current service cost |
1,6 |
1,8 |
| |
Interest cost |
53,4 |
54,5 |
| |
Actuarial gain/(loss) released in terms of IAS 19R |
32,7 |
(63,6) |
| |
Transfer to assets held for sale (refer note 36)# |
7,8 |
(7,8) |
| |
Balance at the end of the year |
563,8 |
517,9 |
| |
# Previously disclosed as held for sale, but has now been reinstated at the conclusion of the sale. |
|
|
| |
The employer’s estimate of contributions expected to be paid for the 2022 financial year is R49,6 million (2021: R49,8 million). |
|
|
| |
Detailed disclosure and the respective assumptions and valuation inputs have been included in Annexure F. |
|
|
