2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 143 The amounts recognised in the Statement of Profit or Loss and Comprehensive Income are as follows: Group 2019 2018 R’000 R’000 Interest cost 493 582 Actuarial loss/(gain) recognised during the year 253 (1 246) Total included in staff costs (note 27) 746 (664) The principal actuarial assumptions used were as follows: Discount rate based on the Long-term Bond Index (%) 8.70 9.38 Medical cost inflation (%) 6.34 7.42 The assumed rates of mortality are as follows: During employment: SA85-90 (Light) ultimate table ; and Post-employment: PA(90) ultimate table rated down two years plus 1% improvement per annum (from a base year of 2006). 19. EMPLOYEE RELATED OBLIGATIONS Group 2019 2018 R’000 R’000 Leave pay accrual Opening balance 36 158 30 343 Charged to the Statement of Profit or Loss and Other comprehensive income – additional provisions 20 641 24 097 Used during the year (20 312) (18 282) Closing balance 36 487 36 158 Current 36 487 36 158 Provision for performance related incentives Opening balance 183 916 167 790 Additional provisions (executive directors and employees) 108 738 108 294 Used during the year (97 157) (92 168) Closing balance 195 497 183 916 Current 115 553 99 124 Non-current 79 944 84 792 Total employee related obligations 231 984 220 074