Department of Foreign Affairs and Trade
Notes to and Forming Part of the Financial Statements
Note 23: Administered – Provisions
| 2015 | 2014 | ||
|---|---|---|---|
| $’000 | $’000 | ||
| Note 23A: Employee Provisions | |||
| Leave | 8,304 | 9,310 | |
| Superannuation | 537 | 877 | |
| Defined benefit pension schemes | 71,908 | 57,997 | |
| Total employee provisions | 80,749 | 68,184 | |
| Employee provisions are expected to be settled in: | |||
| No more than 12 months | 4,878 | 7,002 | |
| More than 12 months | 75,871 | 61,182 | |
| Total employee provisions | 80,749 | 68,184 |
| Note 23B: Other Provisions | ||||
| Provision for restoration obligations | – | 13 | ||
|---|---|---|---|---|
| Total other provisions | – | 13 | ||
| Other provisions are expected to be settled in | ||||
| No more than 12 months | – | 13 | ||
| More than 12 months | – | – | ||
| Total other provisions | – | 13 |
| Reconciliation of other provisions | ||||
| Restoration obligations | Total | |||
|---|---|---|---|---|
| $’000 | $’000 | |||
| Carrying amount 1 July 2014 | 13 | 13 | ||
| Amounts reversed | (13) | (13) | ||
| Closing balance 30 June 2015 | – | – | ||