128 / 172
126
HSRC Annual Report 2016/17
PART E: Annual Financial Statements
10. Capital and expenditure commitments
2017
R ‘000
2016
R ‘000
Approved and contracted
79,661
51,455
Total commitments
79,661
51,455
Capital expenditure
2,301
2,231
Operational expenditure
77,360
49,224
Total
79,661
51,455
Less than one year
59,037
36,744
More than one year
20,624
14,711
Total
79,661
51,455
Most of the commitments are project related expenses (funded by the various funders).
11. Provisions
2017
R ‘000
2016
R ‘000
Performance bonus
5,796
6,095
Provision for leave
17,394
14,637
23,190
20,732
Leave pay provision reduces when an employee takes official leave days or leaves the HSRC and the leave is paid out
to the employee. Performance bonuses are paid annually for good staff performance after performance appraisals are
completed and moderated.
Analysis of movements in provisions
2017
R ‘000
2016
R ‘000
Provision for leave
Opening balance
14,637
14,490
Additional provision
21,552
16,978
Amounts paid out during the year
(1,830)
(1,996)
Amounts utilised during the year
(16,965)
(14,835)
Closing balance
17,394
14,637
Performance bonus
Opening balance
6,095
4,878
Additional provision
4,919
6,429
Amounts paid out during the year
(5,218)
(5,212)
Closing balance
5,796
6,095