Notes to the company annual financial statements

for the year ended 30 September 2008

			2008	2007	2006
			Rm	Rm	Rm
12.	Provisions
	Non-current		8	41	22
	Current		8	17	5
			16	58	27
		Post-		Share^
		retirement	Other^#	appreciation
		benefits	provisions	rights	Total
		Rm	Rm	Rm	Rm
	Balance at 1 October 2006	22	5		27
	Net movements	(1)	12	20	31

	Raised		17	20	37
	Utilised	(1)	(5)		(6)
	Balance at 30 September 2007	21	17	20	58
	Net movements	(21)	(9)	(12)	(42)

	Raised	1	21	10	32
	Utilised	(3)	(27)	(19)	(49)
	Transferred to group company	(19)	(3)	(3)	(25)
			8	8	16
	Non-current			8	8
	Current		8		8
	Balance at 30 September 2008		8	8	16

# Other provisions
These provisions comprise the following:
Unvested share options of former employees of R6 million (2007: R3 million and 2006: nil), employment benefits R2 million (2007 and 2006: R2 million), directors' fees R1 million (2007 and 2006: nil), severance pay nil (2007: R10 million, 2006: R1 million), pension, medical aid nil (2007 and 2006: R1 million), retirement gratuities nil (2007 and 2006: R1 million).

^ Share appreciation rights
A provision for share appreciation rights arose during 2007 as the group introduced the Barloworld Cash Settled Share Appreciation Right Scheme 2007. The scheme allows executive directors and certain senior employees to earn a long-term incentive amount calculated based on the increase in the Barloworld Limited share price between the grant date and the vesting and exercise of such rights.

For more details refer to note 35 on the group financial statements section.

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