| 2014 Rm |
2013 Rm |
||
21. |
Provisions |
||
| Provision for future rehabilitation | |||
| Beginning of the year | 768 | 732 | |
| Change in estimate – Rehabilitation asset | (115) | (20) | |
| Change in estimate – Profit and loss (note 26) | (44) | (32) | |
| Interest accrued (note 29) | 64 | 69 | |
| Utilised – Rehabilitation done | (8) | (6) | |
| Exchange adjustment | 11 | 25 | |
| End of the year | 676 | 768 | |
| Current cost rehabilitation estimate is R1 199 (2013: R1 166) million. Cash flows relating to rehabilitation costs will occur at the end of the life of the individual items to be rehabilitated. |
| The movement of the investment in the Impala Pollution Control, Rehabilitation and Closure Trust Fund is as follows: | |||
| Beginning of the year | 189 | 179 | |
| Interest accrued | 10 | 8 | |
| Fair value adjustment | 2 | 2 | |
| End of the year | 201 | 189 | |
| Guarantees, an insurance policy and the funds in the Impala Pollution Control, Rehabilitation and Closure Trust Fund are available to the Department of Mineral Resources to satisfy the requirements of the Mineral and Petroleum Resources Development Act with respect to environmental rehabilitation (note 35). Refer note 3.9 for assumptions used in calculating the provision. |