| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 28 |
|
| 28. |
Employment benefit liability
| |
Bonuses
R’000 |
|
Leave pay
R’000 |
|
Total
R’000 |
|
| Group |
|
|
|
|
|
|
| Balance as at 30 June 2012 |
47 325 |
|
32 491 |
|
79 816 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
|
|
| – additional provisions |
67 978 |
|
41 487 |
|
109 465 |
|
| – amounts reversed |
(9 317) |
|
– |
|
(9 317) |
|
| Used during the year |
(45 285) |
|
(38 321) |
|
(83 606) |
|
| Balance as at 30 June 2013 |
60 701 |
|
35 657 |
|
96 358 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
|
|
| – additional provisions |
76 732 |
|
861 993 |
|
938 725 |
|
| – amounts reversed |
(10 013) |
|
– |
|
(10 013) |
|
| Used during the year |
(75 671) |
|
(859 280) |
|
(934 951) |
|
| Balance as at 30 June 2014 |
51 749 |
|
38 370 |
|
90 119 |
|
The provision for management incentive bonuses is payable at the end of September 2014, whilst the remaining provision for
staff is payable at the end of December 2014 as part of a salary restructuring arrangement based on their cost to company. The provisions are primarily in respect of leave pay to be settled in the next financial year.
Analysis of employee benefit liabilities:
| |
GROUP
June 2014
R’000 |
|
GROUP
June 2013
R'000 |
|
COMPANY
June 2014
R’000 |
|
COMPANY
June 2013
R'000 |
|
| Current portion |
90 119 |
|
96 358 |
|
– |
|
9 081 |
|
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 28 |
|
|