|
| |
|
|
Group |
|
|
|
|
Company |
|
|
| |
|
|
2013
Rm |
|
2012
Rm |
|
|
|
|
2013
Rm |
|
2012
Rm |
|
|
| 29. |
PROVISIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Non-current employee-related |
|
5,150 |
|
4,880 |
|
|
|
|
5,131 |
|
4,860 |
|
|
| |
Annual leave |
|
510 |
|
521 |
|
|
|
|
501 |
|
512 |
|
|
| |
Balance at beginning of year |
|
521 |
|
489 |
|
|
|
|
512 |
|
479 |
|
|
| |
Charged to employee expenses |
|
1 |
|
73 |
|
|
|
|
– |
|
74 |
|
|
| |
Leave paid/utilised |
|
(12) |
|
(41) |
|
|
|
|
(11) |
|
(41) |
|
|
| |
Post-retirement medical aid (refer to note 30) |
|
5,328 |
|
4,909 |
|
|
|
|
5,305 |
|
4,886 |
|
|
| |
Balance at beginning of year |
|
4,909 |
|
4,681 |
|
|
|
|
4,886 |
|
4,658 |
|
|
| |
Interest cost |
|
622 |
|
569 |
|
|
|
|
621 |
|
568 |
|
|
| |
Current service cost |
|
110 |
|
107 |
|
|
|
|
110 |
|
106 |
|
|
| |
Expected return on plan asset |
|
(241) |
|
(208) |
|
|
|
|
(241) |
|
(208) |
|
|
| |
Actuarial loss/(gain) |
|
360 |
|
(89) |
|
|
|
|
360 |
|
(88) |
|
|
| |
Curtailment (gain)/loss |
|
(276) |
|
2 |
|
|
|
|
(276) |
|
2 |
|
|
| |
Settlement loss |
|
(3) |
|
– |
|
|
|
|
(3) |
|
– |
|
|
| |
Transfer from sinking fund to annuity policy |
|
(71) |
|
(47) |
|
|
|
|
(71) |
|
(47) |
|
|
| |
Termination settlement |
|
– |
|
(2) |
|
|
|
|
– |
|
(2) |
|
|
| |
Contributions paid |
|
(82) |
|
(104) |
|
|
|
|
(81) |
|
(103) |
|
|
| |
Telephone rebates (refer to note 30) |
|
420 |
|
516 |
|
|
|
|
420 |
|
516 |
|
|
| |
Balance at beginning of year |
|
516 |
|
551 |
|
|
|
|
516 |
|
551 |
|
|
| |
Interest cost |
|
44 |
|
47 |
|
|
|
|
44 |
|
47 |
|
|
| |
Current service cost |
|
6 |
|
7 |
|
|
|
|
6 |
|
7 |
|
|
| |
Past service cost |
|
2 |
|
2 |
|
|
|
|
2 |
|
2 |
|
|
| |
Curtailment loss |
|
6 |
|
– |
|
|
|
|
6 |
|
– |
|
|
| |
Actuarial gain |
|
(129) |
|
(66) |
|
|
|
|
(129) |
|
(66) |
|
|
| |
Benefits paid |
|
(25) |
|
(25) |
|
|
|
|
(25) |
|
(25) |
|
|
| |
Bonus |
|
787 |
|
586 |
|
|
|
|
772 |
|
577 |
|
|
| |
Balance at beginning of year |
|
586 |
|
922 |
|
|
|
|
577 |
|
913 |
|
|
| |
Charged to employee expenses |
|
775 |
|
559 |
|
|
|
|
769 |
|
559 |
|
|
| |
Payments made |
|
(574) |
|
(895) |
|
|
|
|
(574) |
|
(895) |
|
|
| |
Voluntary Severance Packages (refer to note 6.1) |
|
710 |
|
– |
|
|
|
|
710 |
|
– |
|
|
| |
Less: Current portion of employee related
provisions |
|
(2,605) |
|
(1,652) |
|
|
|
|
(2,577) |
|
(1,631) |
|
|
| |
Annual leave |
|
(510) |
|
(521) |
|
|
|
|
(501) |
|
(511) |
|
|
| |
Post-retirement medical aid |
|
(563) |
|
(492) |
|
|
|
|
(559) |
|
(490) |
|
|
| |
Telephone rebates |
|
(35) |
|
(53) |
|
|
|
|
(35) |
|
(53) |
|
|
| |
Bonus |
|
(787) |
|
(586) |
|
|
|
|
(772) |
|
(577) |
|
|
| |
Voluntary Severance Packages |
|
(710) |
|
– |
|
|
|
|
(710) |
|
– |
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Non-current non-employee related |
|
238 |
|
36 |
|
|
|
|
228 |
|
34 |
|
|
| |
Other |
|
1,024 |
|
276 |
|
|
|
|
1,014 |
|
265 |
|
|
| |
Less: Current portion of other provisions |
|
(786) |
|
(240) |
|
|
|
|
(786) |
|
(231) |
|
|
| |
Other |
|
(786) |
|
(240) |
|
|
|
|
(786) |
|
(231) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Annual leave
In terms of the Telkom’s policy, employees are entitled to accumulate vested leave benefits not taken within a leave cycle, to a cap of 22 days
(2012: 22 days) which must be taken within an 18-month (2012: 19-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.
Other
Non-employee related provisions increased due to the fines imposed by the Competition Commission.
Other provisions contain provisions for certain legal matters that have been disclosed in the contingencies note (refer to note 38). |
|
|
|
