Note 8: Provisions
2012 |
2011 |
|
|---|---|---|
$’000 |
$’000 |
|
Note 8A: Employee Provisions |
||
Annual Leave |
31,001 |
30,361 |
Long Service Leave |
75,982 |
59,961 |
Superannuation |
13,277 |
11,892 |
Separations and redundancies |
11,268 |
10,425 |
Other employee provisions |
4,265 |
10,490 |
Total employee provisions |
135,793 |
123,129 |
Employee provisions are expected to be settled in: |
||
No more than 12 months |
47,189 |
46,339 |
More than 12 months |
88,604 |
76,790 |
Total employee provisions |
135,793 |
123,129 |
Note 8B: Other Provisions |
||
Provision for restoration obligations |
26,679 |
23,842 |
Total other provisions |
26,679 |
23,842 |
Other provisions are expected to be settled in: |
||
No more than 12 months |
3,501 |
10,102 |
More than 12 months |
23,178 |
13,740 |
Total other provisions |
26,679 |
23,842 |
Provision for restoration |
||
$’000 |
||
Carrying amount 1 July 2011 |
23,842 |
|
Additional provisions made |
887 |
|
Amounts Reversed |
(313) |
|
Movements due to foreign exchange |
(357) |
|
Unwinding of discount or change in discount rate |
2,620 |
|
Closing balance 2012 |
26,679 |
|
The Department currently has 69 agreements (2011: 68) 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. |
||