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| 9 Employee benefits |
|
2017
Rm |
|
|
2016
Rm |
|
|
|
|
|
|
|
|
| |
|
635 |
|
|
846 |
|
| Telkom Pension Fund asset |
|
23 |
|
|
114 |
|
| Post-retirement medical aid net plan asset |
|
612 |
|
|
732 |
|
The assets recognised are determined in accordance with IAS 19. The Telkom Pension Fund assets decreased due to a S15E transfer in
terms of the Pension Act to the Telkom Retirement Fund of approximately R96 million.
The decrease in the post-retirement medical aid net plan asset is due to the decrease in the fair value of the annuity policy.