Notes to the Annual Financial Statement For the year ended 31 March 2010 Figures in Rand thousand 18. Provisions Reconciliation of provisions – Group – 2010 Opening balance Additions Abandonment/Environmental Desludging Litigation Rehabilitation Postretirement medical aid benefit Bonus Audit fees
3 779 696 11 000 8 371 9 127 321 976 128 395 29 4 258 594
107 760 – 58 000 – 48 264 100 730 – 314 754
Utilised during the year
Change in discount factor
Total
– – (8 250) – (5 743) (106 719) (29) (120 741)
(64 983) – – – – – – (64 983)
3 822 473 11 000 58 121 9 127 364 497 122 406 – 4 387 624
Reconciliation of provisions – Group – 2009 Opening balance Additions Abandonment/Environmental Desludging Litigation Rehabilitation Postretirement medical aid benefits Demurrage Bonus Audit fees
3 657 641 11 000 4 146 1 544 226 095 12 888 90 500 29 4 003 843
86 259 – 4 225 7 583 161 887 – 143 598 – 403 552
Utilised during the year
Reversed Change in during the discount year factor
– – – – (66 541) (12 888) (105 703) – (185 132)
– – – – (204) – – – (204)
(232 245) – – – 739 – – – (231 506)
Interest expense
Total
268 041 – – – – – – – 268 041
3 779 696 11 000 8 371 9 127 321 976 – 128 395 29 4 258 594
Reconciliation of provisions – Group – 2008 Opening balance Additions Abandonment/Environmental Desludging Litigation Rehabilitation Postretirement Demurrage Bonus Audit fees
PAGE 88
3 073 618 23 813 – 1 423 195 737 – 134 000 – 3 428 591
CEF (PTY) LTD ANNUAL REPORT 2010
302 659 11 000 4 146 – 36 611 12 888 1 741 29 369 074
Utilised during the year
Reversed during the years
Change in discount factor
Total
(7 012) – – (6) (5 661) – – – (12 679)
– (23 813) – – (1 258) – – – (25 071)
288 376 – – 127 666 – (43 500) – 245 669
3 657 641 11 000 4 146 1 544 226 095 12 888 92 241 29 4 005 584