ArcelorMittal South Africa 2007 Annual Report Page 130
28. PROVISIONS
Asset
retirement
obligation
Rm
Environ-
mental
remedia-
tion
Rm
Onerous
contracts
Rm
Leave pay
benefits
Rm
Post-
retirement
medical
benefits
Rm
Other
Rm
Total
Rm
GROUP
For the year ended
31 December 2007
At beginning of year
146
813
312
243
9
73
1 596
Transfer
3
(3)
Charge to income statement
16
48
(1)
77
1
17
158
Additions/(releases)
11
19
(11)
77
1
17
114
Interest adjustment
5
29
10
44
Utilised during year
(12)
(25)
(58)
(52)
(1)
(10)
(158)
Capitalisation to asset
5
5
At end of year
158
833
253
268
9
80
1 601
Current portion included in current
liabilities
(33)
(68)
(37)
(92)
(1)
(80)
(311)
Total non-current provisions
125
765
216
176
8
1 290
Asset
retirement
obligation
Rm
Environ-
mental
remedia-
tion
Rm
Onerous
contracts
Rm
Leave pay
benefits
Rm
Post-
retirement
medical
benefits
Rm
Re-
structuring
Rm
Other
Rm
Total
Rm
GROUP
For the year ended
31 December 2006
At beginning of year
929
278
250
10
9
1 476
Transfer
171
(171)
Charge to income
statement
(25)
107
100
65
73
320
Additions/(releases)
(25)
92
14
65
73
219
Interest adjustment
15
86
101
Utilised during year
(52)
(66)
(72)
(1)
(9)
(200)
At end of year
146
813
312
243
9
73
1 596
Current portion included
in current liabilities
(16)
(28)
(66)
(85)
(1)
(73)
(269)
Total non-current
provisions
130
785
246
158
8
1 327
Notes to the group and company annual financial statements continued
for the year ended 31 December 2007
