| |
|
|
|
2007
Rm |
|
2006
Rm |
| 31. |
Employee benefits (continued) |
|
|
|
|
|
|
Amounts recognised in profit or loss in respect of the defined benefit plan: |
— |
|
2 |
|
Current service cost |
|
|
1 |
|
1 |
|
Interest cost |
|
|
10 |
|
11 |
|
Expected return on reimbursive rights |
|
|
(11) |
|
(10) |
|
Fund status |
|
|
|
|
|
|
Fair value of plan assets |
|
|
(126) |
|
(114) |
|
Present value of obligations |
|
|
150 |
|
147 |
| |
Net unfunded liability |
|
|
24 |
|
33 |
|
Movements in the net liability |
|
|
|
|
|
|
Opening balance |
|
|
33 |
|
30 |
|
Amounts recognised in income statement |
|
|
(2) |
|
10 |
|
Current service cost |
|
|
1 |
|
1 |
|
Interest cost |
|
|
10 |
|
11 |
|
Actuarial (gain)/loss |
|
|
(2) |
|
8 |
|
Return on reimbursive rights |
|
|
(11) |
|
(10) |
|
Benefits paid |
|
|
6 |
|
6 |
|
Contributions to reimbursive rights |
|
|
(13) |
|
(13) |
| |
Closing balance |
|
|
24 |
|
33 |
|
The history of experience adjustments is as follows: |
|
|
|
|
|
| |
|
2007
Rm |
2006
Rm |
2005
Rm |
|
2004
Rm |
|
Present value of obligations |
150 |
147 |
132 |
|
136 |
|
Fair value of plan assets |
(126) |
(114) |
(102) |
|
(84) |
| |
Net unfunded liability |
24 |
33 |
30 |
|
52 |
|
Experience adjustments |
|
|
|
|
|
|
Actuarial gains/(losses) before changes in assumptions |
|
|
|
|
|
|
In respect of present value of obligations |
1 |
5 |
4 |
|
(11) |
| |
In respect of present value of plan assets |
(4) |
(6) |
4 |
|
(2) |
|
Assumed healthcare trend rates have a significant impact on the amounts recognised in the income statement. A 1% change
in the healthcare cost trends would have the following impact: |
|
|
1% increase |
1% decrease |
| |
|
2007
Rm |
2006
Rm |
2005
Rm |
|
2004
Rm |
|
Aggregate of current service and interest costs |
2 |
2 |
(2) |
|
(1) |
| |
Present value of obligations |
20 |
17 |
(16) |
|
(14) |
