Department of Sustainability, Environment, Water, Population and Communities Annual Report 2011–12

Download 5.6 Mb.

Page	82/118
Date	26.05.2017
Size	5.6 Mb.
	#19231

1 ... 78 79 80 81 82 83 84 85 ... 118


Total grants are expected to be settled in:
No more than 12 months	923	454
Total grants	923	454

Settlement was usually made according to the terms and conditions of each grant. This was usually within 30 days of performance or eligibility.

Note 7C. Other Payables

Wages and salaries	5,711	4,516
Superannuation	945	1,759
Separations and redundancies	180	114
Unearned revenue	18,019	21,083
Other	280	467
Total other payables	25,135	27,939

Total other payables are expected to be settled in:
No more than 12 months	25,135	27,939
Total other payables	25,135	27,939

Interest Bearing Liabilities

	2012	2011
	$'000	$'000
Note 8A. Leases

Finance leases	5,052	6,777
Total finance leases	5,052	6,777

Payable:
Within one year:
Minimum lease payments	2,769	2,632
Deduct: future finance charges	(340)	(499)
In one to five years:
Minimum lease payments	2,763	5,058
Deduct: future finance charges	(140)	(414)
Finance leases recognised on the balance sheet	5,052	6,777

In 2012, Finance leases existed in relation to certain IT equipment provided under the Datacom Services Agreement. The leases were non-cancellable and for fixed terms averaging 5 years, with a maximum of 10 years. The interest rate implicit in the leases averaged 8.62% (2011: 8.62%). The lease assets secure the lease liabilities. Cancellation penalties apply on early termination of the lease. There were no contingent rentals.

Provisions

	2012	2011
	$'000	$'000
Note 9A. Employee Provisions

Leave	72,111	58,407
Total employee provisions	72,111	58,407

Employee provisions are expected to be settled in:
No more than 12 months	32,804	29,495
More than 12 months	39,307	28,912
Total employee provisions	72,111	58,407

Note 9B. Other Provisions

Provision for restoration obligations - Antarctic base restitution	65,909	54,510
Provision for restoration obligations - Antarctic regions	355,248	253,404
Provision for restoration obligations - other localities	6,056	5,055
Other	450	-
Total other provisions	427,663	312,969

Other provisions are expected to be settled in:
No more than 12 months	4,103	3,440
More than 12 months	423,560	309,529
Total other provisions	427,663	312,969


	Antarctic base restitution	Antarctic regions	Other localities	Other	Total
	$’000	$’000	$’000	$’000	$’000
Carrying amount 1 July 2011	54,510	253,404	5,055	-	312,969
Additional provisions made	-	6,009	-	450	6,459
Amounts used	(1,183)	-	-	-	(1,183)
Amounts reversed	-	-	-	-	-
Revaluation of change in discount rate	9,895	82,633	752	-	93,280
Unwinding of discount	2,687	13,202	249	-	16,138
Closing balance 30 June 2012	65,909	355,248	6,056	450	427,663

Directory: system -> files -> resources
resources -> Environmental Best Practice Port Development: An Analysis of International Approaches
resources -> The National Heritage List and Commonwealth Heritage List: 1 july 2008 30 june 2013
resources -> Reference list for waterrelated coal seam gas and coal mining research
resources -> Michigan Association of Intermediate School Administrators isd sections of Law
resources -> Executive Summary 3 Background 4 Developing the National Television and Computer Recycling Scheme 4
resources -> Threat abatement plan for disease in natural ecosystems caused by
resources -> Sawfish and River Sharks Multispecies Issues Paper
resources -> Wildlife Trade Management Plan – Queensland Crocodile Farming

Download 5.6 Mb.

Share with your friends:

1 ... 78 79 80 81 82 83 84 85 ... 118