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 8: Provisions

 

  2011
$’000
2010
$’000
Note 8A:  Employee Provisions    
Annual Leave 30,361 28,485
Long Service Leave 59,961 61,230
Superannuation 11,892 7,803
Separation and redundancies 10,425 10,876
Other employee provisions 10,490 9,344
Total employee provisions 123,129 117,738
     
Employee provisions are expected to be settled in:    
      No more than 12 months 46,339 44,543
      More than 12 months 76,790 73,195
Total employee provisions 123,129 117,738
     
Note 8B:  Other Provisions    
Provision for restoration obligations 23,842 23,979
Total other provisions 23,842 23,979
     
Other provisions are expected to be settled in:    
      No more than 12 months 10,102 3,794
      More than 12 months 13,740 20,185
Total other provisions 23,842 23,979
     
    Provision forr
restoration
$’000
Carrying amount 1 July 2010   23,979
      Additional provisions made   609
      Revaluation of provisions   (1,449)
      Amounts reversed   (179)
      Unwinding of discount or change in discount rate   882
Closing balance 30 June 2011   23,842

The Department currently has 68 agreements (2010: 66) 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.

 

 

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