| Notes to the financial statements | Note 30 |
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Group |
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(R’million) |
2017 |
|
2016 |
|
| 30 |
Post-retirement medical aid obligations |
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Group |
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Balance at end of the year |
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Present value of obligations |
(619,1) |
|
(666,0) |
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Liability at reporting date |
(619,1) |
|
(666,0) |
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Movement in the liability recognised in the statement of financial position: |
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|
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Balance at beginning of the year |
(666,0) |
|
(643,1) |
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Contributions paid |
44,9 |
|
41,1 |
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Other income/(expenses) included in staff costs |
2,0 |
|
(64,0) |
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Current service cost |
(3,0) |
|
(3,9) |
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Interest cost |
(64,2) |
|
(56,5) |
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Actuarial gain/(loss) released in terms of IAS 19R |
69,2 |
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(3,6) |
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Balance at end of the year |
(619,1) |
|
(666,0) |
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The employer’s estimate of contributions expected to be paid for the 2018 financial year is R45,8 million
(2017: R44,9 million).
Detailed disclosure and the respective assumptions and valuation inputs have been included in Annexure F. |
| Notes to the financial statements | Note 30 |
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