Long-term provisions (Tables)

12 Months Ended

Jun. 30, 2023



	Environmental	Other	Total
	2023	2023	2023
for the year ended 30 June	Rm	Rm	Rm
Balance at beginning of year	17 207	808	18 015
Capitalised to property, plant and equipment	50	—	50
Reduction in rehabilitation provision capitalised¹	(644)	—	(644)
Per the income statement	(708)	(10)	(718)
additional provisions and changes to existing provisions	121	(1)	120
reversal of unutilised amounts	(36)	—	(36)
effect of change in discount rate	(793)	(9)	(802)
Notional interest	1 099	10	1 109
Utilised during year (cash flow)	(741)	(70)	(811)
Translation of foreign operations	172	88	260
Foreign exchange differences recognised in income statement	858	13	871
Balance at end of year	17 293	839	18 132

Decrease in rehabilitation provision capitalised in 2023 relates primarily to an increase in discount rates.


		2023	2022
for the year ended 30 June	Note	Rm	Rm
Expected timing of future cash flows
Within one year		2 601	1 465
One to five years		6 060	5 429
More than five years		9 471	11 121
		18 132	18 015
Short-term portion	31	(2 601)	(1 465)
Long-term provisions		15 531	16 550
Estimated undiscounted obligation*		114 986	105 792

Increase relates mainly to a reassessment of cost estimates and volumes used in the environmental provisions.


	2023		2022
for the year ended 30 June	Rm		Rm
A 1% point change in the discount rate would have the following effect on the long-term provisions recognised
Increase in the discount rate		(4 250)	(4 405)
amount capitalised to property, plant and equipment		(858)	(1 237)
income recognised in income statement		(3 392)	(3 168)
Decrease in the discount rate		5 338	5 474
amount capitalised to property, plant and equipment		1 518	1 646
expense recognised in income statement		3 820	3 828