| 25 | PROVISIONS | |||||
| 2018 R’000 |
2017 R’000 |
|||||
| Leave pay | 52 816 | 44 373 | ||||
|---|---|---|---|---|---|---|
| Bonus and incentive scheme | 31 088 | 31 557 | ||||
| Other | 46 428 | – | ||||
| 130 332 | 75 930 | |||||
| Made up as follows: | ||||||
| Leave pay | ||||||
| Balance at beginning of year | 44 373 | 40 378 | ||||
| Arising during the year | 72 710 | 64 765 | ||||
| Utilised during the year | (60 533) | (55 123) | ||||
| Unused amounts reversed | (6 198) | (5 335) | ||||
| Acquisition of business | 2 255 | – | ||||
| Exchange rate adjustments | 209 | (312) | ||||
| Balance at end of year | 52 816 | 44 373 | ||||
| Bonus and incentive scheme | ||||||
| Balance at beginning of year | 31 557 | 29 528 | ||||
| Arising during the year | 31 196 | 31 557 | ||||
| Utilised during the year | (31 665) | (26 647) | ||||
| Unused amounts reversed | – | (2 881) | ||||
| Balance at end of year | 31 088 | 31 557 | ||||
| Other | ||||||
| Balance at beginning of year | – | – | ||||
| Arising during the year | 46 428 | – | ||||
| Balance at end of year | 46 428 | – | ||||
Leave pay provision In excess of 95% of the balance represents the liability for employees in South Africa. In terms of the Group policy, employees in South Africa are entitled to accumulate leave benefits not taken within a leave cycle, up to a maximum of three times the employee’s annual leave allocation, limited to a maximum of 30 days. The obligation is reviewed annually. Bonus and incentive provision Certain employees participate in a performance-based incentive scheme and provision is made for the estimated liability in terms of set performance criteria. These incentives are expected to be paid in September 2018. Other Other provision includes a liability as a result of an initial contract with a customer which provides for the Group to sign an obligation agreement which should be discharged over a period of seven years. |
||||||