| NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 24 |
|
| |
|
Insurance
claims
2014
Rm |
Dismantling
and
environmental
risk
2014
Rm |
Other
2014
Rm |
Total
2014
Rm |
|
|
Restated
Total
2013
Rm |
|
| 24. |
Provisions for liabilities and other charges |
|
|
|
|
|
|
|
|
| |
At 30 June 2014 |
|
|
|
|
|
|
|
|
| |
Carrying value at beginning of year |
194 |
397 |
266 |
857 |
|
|
1 652 |
|
| |
Reclassified to trade and other payables |
|
|
|
|
|
|
(766) |
|
| |
Amounts added |
84 |
79 |
292 |
455 |
|
|
421 |
|
| |
Unused amounts reversed |
(1) |
(38) |
(20) |
(59) |
|
|
(54) |
|
| |
Charged to profit or loss |
83 |
41 |
272 |
396 |
|
|
367 |
|
| |
Amounts utilised |
(159) |
(80) |
(158) |
(397) |
|
|
(401) |
|
| |
Net acquisitions of subsidiaries and businesses |
|
|
54 |
54 |
|
|
28 |
|
| |
Currency adjustments |
1 |
44 |
10 |
55 |
|
|
95 |
|
| |
Reclassifications |
5 |
6 |
4 |
15 |
|
|
(118) |
|
| |
Carrying value at end of year |
125 |
408 |
448 |
980 |
|
|
857 |
|
| |
Maturity profile |
|
|
|
|
|
|
|
|
| |
Maturing in less than one year |
87 |
117 |
304 |
508 |
|
|
496 |
|
| |
Maturing in one to five years |
17 |
71 |
134 |
222 |
|
|
229 |
|
| |
Maturing in more than five years |
20 |
220 |
10 |
250 |
|
|
132 |
|
| |
|
125 |
408 |
448 |
980 |
|
|
857 |
|
| |
Certain of the insurance claims provisions are potentially recoverable from third parties.
Dismantling provisions are raised when a contractual obligation exists to remove buildings or leasehold improvements after termination of the underlying lease contract. The provision for environmental risks include the discounted cost for ongoing ground and water treatment
at certain sites and possible risks identified during the environmental due diligence undertaken in the course of the Lehnkering acquisition.
Other provisions include after sales provisions of R113 million and onerous contract provisions of R100 million.
The ageing fairly reflects the timing and amounts of the estimated payments to be made. |
|
|