for the six months ended 30 September 2014
Reviewed |
Reviewed |
Audited |
|
|---|---|---|---|
Rm |
Rm |
Rm |
|
| Non-current portion of provisions | 1 745 | 2 643 | 1 496 |
| Employee related | 1 692 | 2 323 | 1 388 |
| Non-employee related | 53 | 320 | 108 |
| Current portion of provisions | 2 086 | 2 177 | 2 328 |
| Employee related | 1 652 | 1 494 | 1 597 |
| Non-employee related | 434 | 683 | 731 |
| The increase in non-current employee related provisions since 31 March 2014 is mainly due to the increase in the post-retirement medical aid provisions as a result of medical inflation. The decrease in non-current non-employee related provisions is as a result of certain provisions becoming payable in the next 12 months and therefore being moved to short term. | |||
| The increase in the current portion of employee related provisions is due to the voluntary severance, voluntary early retirement and retrenchment process. The decrease in the current portion of non-employee related provisions is the reclassification at 30 September 2014 of an amount of R304 million to trade and other receivables to more accurately reflect the substance of a transaction with a third party. |