NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 21

21. EMPLOYMENT BENEFIT LIABILITY

All leased assets in the Group relate to operating leases of property. Below is a summary of the most significant leasing arrangements:

  Bonuses 
R'000 
Leave Pay 
R'000 
Total 
R'000 
 
Group        
Balance as at 30 June 2014 51 749  38 370  90 119    
Charged/(credited) to the statement of comprehensive income:             
– additional provisions  71 295  13 537  84 832    
Utilised during the year  (52 166) (11 680) (63 846)   
Balance as at 30 June 2015  70 878  40 227  111 105    
Charged/(credited) to the statement of comprehensive income:             
– additional provisions  93 081  14 108  107 189    
– amounts reversed  –  (8 528) (8 528)   
Utilised during the year  (102 842) (147) (102 989)   
Balance as at 30 June 2016  61 117  45 660  106 777   

The provision for management incentive bonuses is payable at the end of October 2016, whilst the remaining provision for staff is payable at the end of December 2016 to staff 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   Company  
  June
2016
R'000
  June
2015
R'000
  June
2016
R'000
  June
2015
R'000
 
Current portion 106 777   111 105      

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 21