bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
bold spirit - ArcelorMittal South Africa
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166<br />
<strong>ArcelorMittal</strong> <strong>South</strong> <strong>Africa</strong><br />
Annual Report 2010<br />
Notes to the group and company annual financial statements continued<br />
for the year ended 31 December 2010<br />
Asset<br />
retirement<br />
obligation<br />
Rm<br />
Environmental<br />
remediation<br />
Rm<br />
Onerous<br />
contracts<br />
Rm<br />
Postretirement<br />
medical aid<br />
benefits<br />
Rm<br />
Other<br />
Rm<br />
22. PROVISIONS<br />
Group<br />
For the year ended 31 December 2010<br />
At beginning of year 203 1 116 328 10 273 1 930<br />
Charge to income statement 21 194 31 (1) 87 332<br />
Additions/(releases) (3) (24) (1) 87 59<br />
Discount rate change 4 75 22 101<br />
Unwinding of the discount effect 17 122 33 172<br />
Utilised during year (13) (88) (67) (215) (383)<br />
Capitalisation to asset 23 23<br />
At end of year 234 1 222 292 9 145 1 902<br />
Included in the financial statements as:<br />
Non-current provisions 201 1 064 226 8 1 499<br />
Current provision 33 158 66 1 145 403<br />
Total 234 1 222 292 9 145 1 902<br />
Company<br />
For the year ended 31 December 2010<br />
At beginning of year 194 1 116 308 9 273 1 900<br />
Charge to income statement 21 194 29 1 87 332<br />
Additions/(releases) (3) (24) 1 87 61<br />
Discount rate change 5 75 22 102<br />
Unwinding of the discount effect 16 122 31 169<br />
Utilised during year (16) (88) (57) (1) (215) (377)<br />
Capitalisation to asset 23 23<br />
At end of year 222 1 222 280 9 145 1 878<br />
Included in the financial statements as:<br />
Non-current provisions 188 1 064 221 8 1 481<br />
Current provisions 34 158 59 1 145 397<br />
Total 222 1 222 280 9 145 1 878<br />
Total<br />
Rm
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