18. 2023 2022 R’m R’m 1 1 * * 1 1 10.17 10.53 7.29 7.49 *Less than R1 million During employment: Post-employment: Discount rate based on the Long-term Bond Index (%) Medical cost inflation (%) The assumed rates of mortality are as follows: SA85-90 (Light) ultimate table PA(90) ultimate table rated down two years plus 1% improvement per annum (from a base year of 2006) Notional interest cost Actuarial (gain)/loss recognised during the year Total included in employee costs (Note 27) The principal actuarial assumptions used in valuing the obligation were as follows: The amounts recognised in the Statement of Profit or Loss and Comprehensive Income are as follows: Retirement benefit obligations (continued) Group NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 19. 2023 2022 R’m R’m 46 43 19 28 (14) (25) 51 46 51 46 295 270 215 180 (200) (155) 310 295 143 172 167 123 361 341 Current Non-current Total employee-related obligations Provision for performance-related incentives Opening balance Additional provisions (executive directors and employees) Settled during the year Closing balance Group Employee-related obligations Leave pay accrual Opening balance Charged to the Statement of Profit or Loss and Other Comprehensive Income Additional provisions Utilised during the year Closing balance Current NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) 177 Notes to the Consolidated Financial Statements
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