NOTES TO FINANCIAL STATEMENTS
/
31 DECEMBER 2015
GEO
ENERGY
RESOURCES
99
21
PROVISIONS (cont’d)
; Ϳ
Z d/Z D Ed E &/d K >/' d/KE^ ;ĐŽŶƚ͛ĚͿ
dŚĞ ƉƌŝŶĐŝƉĂů ĂƐƐƵŵƉƟŽŶƐ ƵƐĞĚ ĨŽƌ ƚŚĞ ƉƵƌƉŽƐĞ ŽĨ ƚŚĞ ĂĐƚƵĂƌŝĂů ǀĂůƵĂƟŽŶƐ ǁĞƌĞ ĂƐ ĨŽůůŽǁƐ͗
sĂůƵĂƟŽŶ Ăƚ
2015
2014
Discount rate per annum
ϵ͘ϬϬй
ϴ͘Ϯϱй
džƉĞĐƚĞĚ ƌĂƚĞ ŽĨ ƐĂůĂƌLJ ŝŶĐƌĞĂƐĞƐ ƉĞƌ ĂŶŶƵŵ
ϭϬй
ϭϬй
DŽƌƚĂůŝƚLJ ƌĂƚĞ Ύ
ϭϬϬй dD/ ϯ
ϭϬϬй dD/ ϯ
Disability rate
ϱй dD/ ϯ
ϱй dD/ ϯ
ZĞƐŝŐŶĂƟŽŶ ƌĂƚĞ
ϱй ƉĞƌ ĂŶŶƵŵ
ƵŶƟů ĂŐĞ ϯϱ
then decrease
ůŝŶĞĂƌůLJ ƚŽ Ϭй
Ăƚ ĂŐĞ ϱϱ LJĞĂƌƐ
ϱй ƉĞƌ ĂŶŶƵŵ
ƵŶƟů ĂŐĞ ϯϱ
then decrease
ůŝŶĞĂƌůLJ ƚŽ Ϭй
Ăƚ ĂŐĞ ϱϱ LJĞĂƌƐ
EŽƌŵĂů ƌĞƟƌĞŵĞŶƚ ĂŐĞ
ϱϱ LJĞĂƌƐ
ϱϱ LJĞĂƌƐ
Ύ ^ƚĂŶĚĂƌĚ KƌĚŝŶĂƌLJ DŽƌƚĂůŝƚLJ ƚĂďůĞ ŝŶ /ŶĚŽŶĞƐŝĂ ;͞dD/͟Ϳ
^ĞŶƐŝƟǀŝƚLJ ĂŶĂůLJƐŝƐ ǁĂƐ ŶŽƚ ƉĞƌĨŽƌŵĞĚ ŽŶ ĞĂĐŚ ŽĨ ƚŚĞ ƐŝŐŶŝĮĐĂŶƚ ĂĐƚƵĂƌŝĂů ĂƐƐƵŵƉƟŽŶ͕ ŝŶ ǀŝĞǁ ƚŚĂƚ ƚŚĞ
ĐŚĂŶŐĞƐ ŝŶ ƚŚĞ ĂĐƚƵĂƌŝĂů ĂƐƐƵŵƉƟŽŶƐ ĂƌĞ ŶŽƚ ĞdžƉĞĐƚĞĚ ƚŽ ďĞ ŵĂƚĞƌŝĂů͘
; Ϳ
WZKs/^/KE &KZ Z , />/d d/KE
Group
2015
2014
h^Ψ
h^Ψ
At beginning of the year
ϯϮϭ͕ϴϵϯ
282,619
/ŶƚĞƌĞƐƚ ĂĐĐƌĞƟŽŶ ĐŚĂƌŐĞĚ ƚŽ ƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϮϴͿ
ϰϭ͕ϰϲϯ
ϰϮ͕ϵϭϱ
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ
–
;ϯ͕ϲϰϭͿ
At the end of the year
ϯϲϯ͕ϯϱϲ
ϯϮϭ͕ϴϵϯ
dŚŝƐ ƌĞƉƌĞƐĞŶƚƐ ŶĞƚ ƉƌĞƐĞŶƚ ǀĂůƵĞ ŽĨ ƚŚĞ ĐŽƐƚƐ ĞdžƉĞĐƚĞĚ ƚŽ ďĞ ŝŶĐƵƌƌĞĚ ĨŽƌ ƌĞŚĂďŝůŝƚĂƟŽŶ ŽĨ ŵŝŶŝŶŐ ƉƌŽƉĞƌƚLJ͘
DĂŶĂŐĞŵĞŶƚ ƵƐĞƐ Ă ĚŝƐĐŽƵŶƚ ƌĂƚĞ ŽĨ ϭϱй ;ϮϬϭϰ ͗ ϭϱйͿ͘
Ɛ Ăƚ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϱ͕ ĚĞƉŽƐŝƚƐ ŽĨ h^Ψϱϳϰ͕ϴϵϯ ;ϮϬϭϰ ͗ h^ΨϲϮϳ͕ϰϭϰͿ ĂƌĞ ŵĂĚĞ ƚŽ ƚŚĞ ƌĞůĞǀĂŶƚ ŐŽǀĞƌŶŵĞŶƚ
ĂƵƚŚŽƌŝƟĞƐ ƚŽ ĞŶƐƵƌĞ ĨƵůĮůŵĞŶƚ ŽĨ ĐŽŵƉůŝĂŶĐĞ ŝŶ ƌĞƐƉĞĐƚ ŽĨ ƌĞĐůĂŵĂƟŽŶ ĂŶĚ ƌĞŚĂďŝůŝƚĂƟŽŶ ŽďůŝŐĂƟŽŶƐ
(Note 9).
; Ϳ
WZKs/^/KE &KZ Z /E^d d D Ed K^d^
Group and Company
2015
2014
h^Ψ
h^Ψ
At beginning of the year
ϵϬ͕ϬϯϮ
89,422
/ŶƚĞƌĞƐƚ ĂĐĐƌĞƟŽŶ ĐŚĂƌŐĞĚ ƚŽ ƉƌŽĮƚ Žƌ ůŽƐƐ ;EŽƚĞ ϮϴͿ
ϰ͕ϯϭϭ
4,461
džĐŚĂŶŐĞ ĚŝīĞƌĞŶĐĞƐ
(6,118)
;ϯ͕ϴϱϭͿ
At the end of the year
ϴϴ͕ϮϮϱ
ϵϬ͕ϬϯϮ
