Page 179 - WCPP Annual Report 2021-22_Draft #7.6.2

Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022

Notes to the Annual Financial Statements

16. Employee benefit obligations

Reconciliation of employee benefits 2022 Opening Movement Total
-
balance

Leave entitlement (Employees) 3,765,049 (9,529) 3,755,520
Service bonus (Employees) 1,379,404 85,631 1,465,035

Service bonus (Members) 700,679 56,182 756,861

Time-off hours (Employees) 1,081,514 103,904 1,185,418
Long service awards (Employees) 7,026,000 (344,000) 6,682,000

Once-off gratuity (Members) 9,614,000 3,662,000 13,276,000
Medical aid benefits (Members) 9,514,000 (921,000) 8,593,000

33,080,646 2,633,188 35,713,834

Reconciliation of employee benefits 2021 Opening Movement Total

-
balance
Leave entitlement (Employees) 3,559,096 205,953 3,765,049

Service bonus (Employees) 1,318,540 60,864 1,379,404

Service bonus (Members) 672,253 28,426 700,679

Performance bonus (Employees) 1,563,186 (1,563,186) -
Time-off hours (Employees) 1,017,049 64,465 1,081,514

Long service awards (Employees) 6,580,000 446,000 7,026,000

Once-off gratuity (Members) 6,876,000 2,738,000 9,614,000
Medical aid benefits (Members) 9,660,000 (146,000) 9,514,000

31,246,124 1,834,522 33,080,646

2022 2021
Non-current employee benefits
Long service awards (Employees) 5,270,000 6,397,000

Once-off gratuity (Members) 13,276,000 9,614,000

Medical aid benefits (Members) 7,410,000 8,307,000
25,956,000 24,318,000

Current employee benefits

Leave entitlement (Employees) 3,755,520 3,765,049

Service bonus (Employees) 1,465,035 1,379,404

Service bonus (Members) 756,861 700,679

Time-off hours (Employees) 1,185,418 1,081,514
Long service awards (Employees) 1,412,000 629,000

Medical aid benefits (Members) 1,183,000 1,207,000

9,757,834 8,762,646

Long service awards: Movements

Opening balance 7,026,000 6,580,000

Benefits paid (448,000) (895,000)
Net expense recognised 104,000 1,341,000

6,682,000 7,026,000

Long service awards: Net expense recognised

Current service cost 1,023,000 1,002,000

Interest cost 842,000 829,000

Actuarial loss/(gain) (1,761,000) (490,000)

104,000 1,341,000

Annual Report for 2021/22 Financial Year Page 164