for the year ended 30 September

Notes to the annual financial statements

 
21.   Provisions              
  Description of nature of obligation   Carrying  
amounts  
at the  
beginning  
of the year  
Rm  
New  
business  
acquired  
during  
the year  
Rm  
Additional  
provisions  
created  
in the year  
Rm  
Amounts  
utilised  
during the  
year  
Rm  
Unutilised  
amounts  
reversed  
during  
the year  
Rm  
Carrying  
amounts  
at the end  
of the year  
Rm  
  Group              
  Warranty   42,8   0,5   2,0   (4,9)  (1,2)  39,2  
  Contract completion   9,3   –   0,1   (5,1)  (3,5)  0,8  
  Other   33,3   –   12,5   (2,1)  (22,7)  21,0  
    85,4   0,5   14,6   (12,1)  (27,4)  61,0  
  Company              
  Warranty   4,8   –   2,5   (2,5)  (1,2)  3,6  
  Other   22,8   –   12,5   –   (22,7)  12,6  
    27,6   –   15,0   (2,5)  (23,9)  16,2  
  The provision for warranty claims represents the present value of management’s best estimate of the future outflow of economic benefits that will be required under the company’s/group’s obligations for warranties. The estimates have been made on the basis of historical warranty trends and may vary as a result of new materials, altered manufacturing processes or other events affecting product quality.