for the year ended 31 March 2016
2016Rm |
Restated |
|
---|---|---|
Non-current portion of provisions | 1 731 | 1 325 |
Employee related | 1 665 | 1 264 |
Non-employee related | 66 | 61 |
Current portion of provisions | 2 373 | 2 185 |
Employee related | 2 231 | 1 882 |
Non-employee related | 142 | 303 |
The increase in the non-current employee related provision is due to the change in the current financial year post employee benefit actuarial assumptions as well as the curtailments due to the VSP and VERP process.
The increase in the current employee provision is due to the inclusion of BCX and the voluntary packages approved at year end. This is partially offset by a lower annual leave provision.
The decrease in the current-non employee related provisions is due to the settlement of the Pretoria campus site restoration provision and other related provisions. The final Competition Commission payment was also made during the current financial year.