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 | – | – |