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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
204
Tiger Brands Limited Integrated Annual Report
2014
GROUP
(R’million)
Leave pay
Other
Total
30
Provisions
2014
Balance at the beginning of the year
294,6
266,4
561,0
Movement during the year
13,3
90,3
103,6
Balance at the end of the year
307,9
356,7
664,6
Analysed as follows:
Provision for leave pay
307,9
–
307,9
Provision for cash-settled share-based payments
(refer note 23.1)
–
182,0
182,0
Other
–
174,7
174,7
307,9
356,7
664,6
2013 (restated)*
Balance at the beginning of the year
279,2
236,2
515,4
Movement during the year
15,4
30,2
45,6
Balance at the end of the year
294,6
266,4
561,0
Analysed as follows:
Provision for leave pay
294,6
–
294,6
Provision for cash-settled share-based payments
(refer note 23.1)
–
216,6
216,6
Other
–
49,8
49,8
294,6
266,4
561,0
Leave pay is provided on accumulated leave balances at year end based on employees’ cost to company.
Other provisions includes employee-related benefits of R144,0 million (2013: R17,1 million).
*
The amounts have been restated due to the adoption of IAS 19R.