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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 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.

Department of Foreign Affairs and Trade