| |
Group |
Company |
|
|
|
|
|
| |
31 March
2021
Rm |
31 March
2021
Rm |
| Non-current provisions |
380 |
619 |
358 |
601 |
| Non-current employee-related provisions |
364 |
606 |
338 |
579 |
| Subsidiary defined benefit plans (refer to note 29 for the reconciliation |
|
|
|
|
| of the opening to closing balance) |
26 |
27 |
– |
– |
| Telephone rebates (refer to note 29 for the reconciliation of the opening |
|
|
|
|
| to closing balance) |
338 |
325 |
338 |
325 |
| Telkom Retirement Fund (refer to note 29 for the reconciliation of the |
|
|
|
|
| opening to closing balance) |
– |
254 |
– |
254 |
| Non-current non-employee-related provisions |
|
|
|
|
| Other |
16 |
13 |
20 |
22 |
| |
|
|
|
|
| Current provisions |
1 276 |
1 613 |
802 |
1 043 |
| Current portion of employee-related provisions |
1 126 |
1 480 |
771 |
1 014 |
| Annual leave |
454 |
473 |
276 |
288 |
| Balance at the beginning of the year |
473 |
479 |
288 |
306 |
| Charged to employee expenses |
(13) |
25 |
(12) |
(12) |
| Leave paid/utilised |
(6) |
(31) |
– |
(6) |
| Telephone rebates (refer to note 29 for the reconciliation of the opening to closing balance) |
39 |
39 |
39 |
39 |
| Bonus, termination packages and other benefits |
633 |
968 |
456 |
687 |
| Balance at the beginning of the year |
968 |
1 234 |
687 |
1 209 |
| Charged to employee expenses |
725 |
1 186 |
373 |
810 |
| Payments made |
(1 060) |
(1 452) |
(604) |
(1 332) |
| Current portion of non-employee-related provisions |
|
|
|
|
| Other |
150 |
133 |
31 |
29 |
|
|
|
|
|
Annual leave
In terms of the Group's policy, employees are entitled to accumulate vested leave benefits not taken within a leave cycle, to a cap of 10 - 30 days
(31 March 2021: 15 – 30 days) which must be taken within a 6 – 19 month (31 March 2021: 6 – 19 month) leave cycle. The leave cycle is reviewed
annually and is in accordance with legislation.
Bonus
The bonus scheme consists of performance bonuses which are dependent on the achievement of certain financial and non-financial targets. The bonus
is payable annually to all qualifying employees after the Group's results have been made public, with a 14th cheque payable to a certain group of
employees
.
Telkom Retirement Fund
The decrease in the Telkom Retirement Fund obligation is largely due to the fund being in a surplus position. Refer to note 29.
Non-employee-related provisions
Other provisions relate to the ICASA licence fee provision and restoration provisions.
|
