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Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally



Note 11: Provisions

 
2010
$'000
2009
$'000
Note 11A:  Employee Provisions    
Salaries and wages    
Annual Leave 28,485 26,193
Long Service Leave 61,230 54,939
Superannuation 7,803 7,614
Separation and redundancies 10,876 11,238
Other employee provisions 9,344 9,257
Total employee provisions 117,738 109,241
     
Employee provisions are expected to be settled in:    
    No more than 12 months 44,543 50,456
    More than 12 months 73,195 58,785
Total employee provisions 117,738 109,241
   
Note 11B:  Other Provisions    
Provision for restoration obligations 23,979 19,547
Total other provisions 23,979 19,547
     
Other provisions are expected to be settled in:    
No more than 12 months 3,794 3,121
More than 12 months 20,185 16,426
Total other provisions 23,979 19,547
     
 
Provision for
restoration
$’000
Total
$’000
     
Carrying amount 1 July 2009 19,547 19,547
Additional provisions made 716 716
Revaluation of provisions 3,011 3,011
Amounts reversed upon leaving the premises (291) (291)
Unwinding of discount or change in discount rate 996 996
Closing balance 2010 23,979 23,979

The Department currently has 66 agreements (2009: 63) for the leasing of premises where the Department has raised a provision to restore the premises to their original condition at the conclusion of the lease.  The provision reflects the present value of this obligation.

Next page: Note 12: Cash Flow Reconciliation
Previous page: Note 10: Interest Bearing Liabilities

Department of Foreign Affairs and Trade