Financial Statements
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Note 7: Provisions |
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|---|---|---|---|---|
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2010 |
2009 |
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Note 7A: Employee Provisions |
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|
Leave |
4 004 |
3 697 |
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Total employee provisions |
4 004 |
3 697 |
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Employee provisions are expected to be settled in: |
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|
No more than 12 months |
1 329 |
1 312 |
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|
More than 12 months |
2 675 |
2 385 |
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Total employee provisions |
4 004 |
3 697 |
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Note 7B: Other Provisions |
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|
Provision for restoration obligations |
294 |
318 |
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Total other provisions |
294 |
318 |
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All other provisions are expected to be settled in more than 12 months. |
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Provision for restoration |
Provision for restoration |
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|
Carrying amount 1 July 2009 |
318 |
293 |
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Adjustment following revaluation |
(38) |
- |
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Unwinding of discount or change in discount rate |
14 |
25 |
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|
Closing balance 30 June 2010 |
294 |
318 |
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The APVMA currently has one agreement for the leasing of premises that have provisions requiring the APVMA to restore the premises to their original condition at the conclusion of the lease. The APVMA has made a provision to reflect the present value of this obligation. |
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