| 27 Provisions |
|
Group |
|
|
Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2017
Rm |
|
|
2016
Rm |
|
|
2017
Rm |
|
|
2016
Rm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-current employee-related |
|
1 536 |
|
|
1 665 |
|
|
1 516 |
|
|
1 645 |
|
| Post-retirement medical aid (refer to note 29) |
|
28 |
|
|
28 |
|
|
– |
|
|
– |
|
| Balance at beginning of year |
|
(704) |
|
|
(402) |
|
|
(732) |
|
|
(424) |
|
| Acquisition of BCX |
|
– |
|
|
4 |
|
|
– |
|
|
– |
|
| Interest cost |
|
205 |
|
|
185 |
|
|
205 |
|
|
183 |
|
| Current service cost |
|
2 |
|
|
6 |
|
|
2 |
|
|
5 |
|
| Interest on plan asset |
|
(276) |
|
|
(216) |
|
|
(276) |
|
|
(216) |
|
| Actuarial loss/(gain) |
|
228 |
|
|
(271) |
|
|
228 |
|
|
(271) |
|
| Settlement loss |
|
– |
|
|
3 |
|
|
– |
|
|
3 |
|
| Curtailment loss |
|
– |
|
|
48 |
|
|
– |
|
|
48 |
|
| Contributions paid* |
|
(39) |
|
|
(61) |
|
|
(39) |
|
|
(60) |
|
| Transfer to employee benefit assets (refer to note 29) |
|
612 |
|
|
732 |
|
|
612 |
|
|
732 |
|
| Telephone rebates (refer to note 29) |
|
404 |
|
|
410 |
|
|
404 |
|
|
410 |
|
| Balance at beginning of year |
|
410 |
|
|
471 |
|
|
410 |
|
|
471 |
|
| Interest cost |
|
37 |
|
|
34 |
|
|
37 |
|
|
34 |
|
| Current service cost |
|
3 |
|
|
4 |
|
|
2 |
|
|
4 |
|
| Curtailment loss |
|
– |
|
|
2 |
|
|
– |
|
|
2 |
|
| Actuarial (gain) |
|
(18) |
|
|
(73) |
|
|
(18) |
|
|
(73) |
|
| Benefits paid |
|
(28) |
|
|
(28) |
|
|
(27) |
|
|
(28) |
|
| Telkom Retirement Fund (refer to note 29) |
|
1 151 |
|
|
1 274 |
|
|
1 151 |
|
|
1 274 |
|
| Balance at beginning of year |
|
1 274 |
|
|
812 |
|
|
1 274 |
|
|
812 |
|
| Service cost |
|
512 |
|
|
660 |
|
|
512 |
|
|
660 |
|
| Interest cost |
|
3 554 |
|
|
3 103 |
|
|
3 554 |
|
|
3 103 |
|
| Interest on plan asset |
|
(3 461) |
|
|
(3 067) |
|
|
(3 461) |
|
|
(3 067) |
|
| Actuarial (gain)/loss |
|
(176) |
|
|
158 |
|
|
(176) |
|
|
158 |
|
| Curtailment loss |
|
(25) |
|
|
159 |
|
|
(25) |
|
|
159 |
|
| Asset transfer from TPF |
|
(96) |
|
|
– |
|
|
(96) |
|
|
– |
|
| Employer contribution |
|
(431) |
|
|
(551) |
|
|
(431) |
|
|
(551) |
|
| Annual leave |
|
514 |
|
|
554 |
|
|
348 |
|
|
435 |
|
| Balance at beginning of year |
|
554 |
|
|
531 |
|
|
435 |
|
|
524 |
|
| Acquisition of BCX |
|
– |
|
|
117 |
|
|
– |
|
|
– |
|
| Charged to employee expenses |
|
21 |
|
|
(60) |
|
|
(26) |
|
|
(73) |
|
| BCX leave provision recovery |
|
34 |
|
|
(4) |
|
|
34 |
|
|
(4) |
|
| Leave paid/utilised |
|
(95) |
|
|
(30) |
|
|
(95) |
|
|
(12) |
|
| Bonus |
|
771 |
|
|
964 |
|
|
614 |
|
|
869 |
|
| Balance at beginning of year |
|
964 |
|
|
990 |
|
|
869 |
|
|
977 |
|
| Acquisition of BCX |
|
– |
|
|
67 |
|
|
– |
|
|
– |
|
| Charged to employee expenses |
|
938 |
|
|
918 |
|
|
684 |
|
|
799 |
|
| Payments made |
|
(1 131) |
|
|
(1 011) |
|
|
(939) |
|
|
(907) |
|
| Termination packages and other benefits |
|
66 |
|
|
666 |
|
|
66 |
|
|
666 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Current portion of employee related provisions |
|
(1 397) |
|
|
(2 231) |
|
|
(1 067) |
|
|
(2 009) |
|
| Annual leave |
|
(514) |
|
|
(554) |
|
|
(348) |
|
|
(435) |
|
| Post-retirement medical aid |
|
(7) |
|
|
(8) |
|
|
– |
|
|
– |
|
| Telephone rebates |
|
(39) |
|
|
(39) |
|
|
(39) |
|
|
(39) |
|
| Bonus |
|
(771) |
|
|
(964) |
|
|
(614) |
|
|
(869) |
|
| Termination packages and other benefits |
|
(66) |
|
|
(666) |
|
|
(66) |
|
|
(666) |
|
| Non-current non-employee related |
|
55 |
|
|
66 |
|
|
10 |
|
|
9 |
|
| Other |
|
179 |
|
|
208 |
|
|
49 |
|
|
81 |
|
| Less: Current portion of other provisions |
|
(124) |
|
|
(142) |
|
|
(39) |
|
|
(72) |
|
| Other |
|
(124) |
|
|
(142) |
|
|
(39) |
|
|
(72) |
|
| * includes an amount of Rnil million (2016: R22 million) paid in terms of the settlement of the post-retirement medical aid. |
Annual leave
In terms of the group's policy, employees are entitled to accumulate vested leave benefits not taken within a leave cycle, to a cap of 22-25
days (2016: 22- 25 days) which must be taken within a 12-18 month (2016: 12-18 month) leave cycle. The leave cycle is reviewed annually
and is in accordance with legislation.
Bonus
The bonus scheme consists of performance bonuses which are dependent on the achievement of certain financial and non-financial
targets. The bonus is payable annually to all qualifying employees after the company's results have been made public, with a 14th cheque
for a certain group of employees.
Non-employee related provisions
Non-current other provisions and R16 million of current other provisions are site restoration costs. The remaining balance of current other
provisions contains certain provisions for legal matters that have been disclosed in the contingencies note (refer to note 37).