| Notes to the financial statements | Note 29 |
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Group |
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(R’million) |
2017 |
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2016 |
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| 29 |
Pension obligations |
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Movement in the net asset/(liability) recognised in the statement of financial position |
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Balance at beginning of the year |
105,1 |
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98,5 |
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Contributions paid |
239,4 |
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243,3 |
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Other movements (net expense in the income statement) |
(235,2) |
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(239,1) |
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Interest cost |
(27,2) |
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(26,2) |
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Current service cost |
(243,6) |
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(246,1) |
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Interest on plan assets |
38,5 |
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35,1 |
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Interest on limit |
(2,9) |
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(1,9) |
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Remeasurements recognised in other comprehensive income |
12,2 |
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2,4 |
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Net actuarial (loss)/gain raised in terms of IAS 19R |
(4,2) |
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10,1 |
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Unrecognised due to paragraph 65 limit |
16,4 |
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(7,7) |
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Balance at end of the year |
121,5 |
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105,1 |
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The net asset is included in the statement of financial position as follows: |
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Investments – refer to note 16 |
53,8 |
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51,1 |
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Other receivables – refer to note 20 |
70,3 |
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57,1 |
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Other payables – refer to note 24 |
(2,6) |
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(3,1) |
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121,5 |
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105,1 |
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Detailed disclosure and the respective assumptions and valuation inputs have been included in Annexure E. |
| Notes to the financial statements | Note 29 |
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