Previous | Next
Appendix 1: Financial Statements
Note 8: Provisions
Note 8A: Employee provisions
|
2007 $ |
2006 $ |
| Salaries and wages |
76,088 |
23,649 |
| Leave |
356,426 |
348,357 |
| Superannuation |
1,625 |
1,786 |
| Total employee provisions |
434,139 |
373,792 |
| Employee provisions are represented by: |
|
|
| Current |
393,041 |
315,107 |
| Non-current |
41,098 |
58,685 |
| Total employee provisions |
434,139 |
373,792 |
Note 8B: Other provisions
| Restoration obligations |
146,451 |
126,905 |
| Total other provisions |
146,451 |
126,905 |
| Other provisions are represented by: |
|
|
| Current |
146,451 |
126,905 |
| Non-current |
0 |
0 |
| Total other provisions |
146,451 |
126,905 |
|
|
Provisions |
Total |
| Carrying amount 1 July 2006 |
126,905 |
126,905 |
| Additional provisions made |
17,400 |
17,400 |
| Amounts used |
0 |
0 |
| Amounts reversed |
0 |
0 |
| Unwinding of discount or change in discount rate |
2,146 |
2,146 |
| Closing balance 2007 |
146,451 |
146,451 |
The PSR currently has one agreement for the leasing of premises which have provisions requiring the PSR to restore the premises to their original condition at the conclusion of the lease. The PSR has made a provision to reflect the present value of this obligation.
Previous | Next