Entire Document - Chris Hani District Municipality

Study Loans
In terms of the MFMA no Study Loans are granted to officials anymore. The outstanding amount is in respect of
assistance granted to employees which are recovered/expensed in the following financial year.
Long-term Receivables are neither past due nor impaired as management have no concerns over the credit quality
of these assets.
9. Provisions
2009 2008
Performance Bonuses 498 462 -
Staff Leave 4 317 249 4 033 416
Current Portion of Post-retirement Medical Aid Benefits Liability
(See Note 14 below)
689 568 534 484
Current Portion of Non-Current Provisions (See Note 15 below): 433 429 303 597
Long-term Service 433 429 303 597
Total Provisions 5 938 709 4 871 497
Provisions have been restated to correctly classify amounts now included in Creditors. Refer to Note 32.3 on
“Correction of Error” for details of the restatement.
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Performance Bonuses accrue to senior managers on an annual basis, subject to certain conditions. The provision
is an estimate of the amount due at the reporting date.
Staff Leave accrue to the staff of the municipality on an annual basis, subject to certain conditions. The provision is
an estimate of the amount due at the reporting date.
The movement in current provisions are reconciled as follows:
Current Provisions:
Performance
Bonuses
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Staff Leave
30 June 2009
Balance at beginning of year - 4 033 416
Contributions to provision 498 462 283 833
Expenditure incurred - -
Balance at end of year 498 462 4 317 249
30 June 2008
Balance at beginning of year - 3 299 130
Contributions to provision - 734 286
Expenditure incurred - -
Balance at end of year - 4 033 416
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