2020 INTEGRATED REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 The movement in the post-employment medical benefit obligation was as follows: Group 2020 2019 R’m R’m Post-employment medical benefit obligations at beginning of the year 6 6 Interest cost 0.4 0.4 Benefits paid (0.7) (1) Actuarial loss recognised during the year 0.4 0.2 Post-employment medical benefit obligations at end of the year 6 6 The amounts recognised in the Statement of Profit or Loss and Comprehensive Income are as follows: Group 2020 2019 R’m R’m Interest cost 0.4 0.4 Actuarial loss recognised during the year 0.4 0.2 Total included in employee costs (note 27) 1 1 The principal actuarial assumptions used were as follows: Discount rate based on the Long-term Bond Index (%) 7.41 8.70 Medical cost inflation (%) 5.38 6.34 The assumed rates of mortality are as follows: During employment: SA85-90 (Light) ultimate table Post-employment: PA(90) ultimate table rated down two years plus 1% improvement per annum (from a base year of 2006) 18. RETIREMENT BENEFIT OBLIGATIONS (continued) 166 | PPS INTEGRATED REPORT 2020