NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2022 19. Retirement benefit obligations Group 2022 2021 R’m R’m Statement of Financial Position obligations for: – post-employment medical benefits 5 5 5 5 Statement of profit or loss and comprehensive income charge for (note 28): – post-employment medical benefits 1 – 1 – Post-employment medical benefits The Group provides for the unfunded post-retirement healthcare benefits of those employees and a small number of retirees employed before 4 October 1999, as well as their spouses and dependants. The entitlement to post-retirement healthcare benefits is based on an employee remaining in service up to retirement and completion of a minimum service period. The amounts recognised in the Statement of Financial Position were determined as follows: Group 2022 2021 R'm R'm Present value of unfunded obligations 5 5 Liability in the Statement of Financial Position 5 5 The latest actuarial valuation of the Group’s post-employment benefits, carried out at 31 December 2022 indicated a present value of projected future benefits amounting to R5.1 million (2021: R5.1 million). The movement in the post-employment medical benefit obligation was as follows: Group 2022 2021 R’m R’m Post-employment medical benefit obligations at beginning of the year 5 6 Interest cost 1 1 Benefits paid (1) (1) Actuarial (gain) / loss recognised during the year – (1) Post-employment medical benefit obligations at end of the year 5 5 148 Notes to the Consolidated Financial Statements
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