Note 21
Current liabilities - Provisions (continued)
(a) Employee benefits
Liabilities for wages and salaries, including
non‑monetary benefits and annual leave
expected to be settled within 12 months
of the reporting date are recognised in
respect of employees’ services up to the
reporting date and are measured at the
amounts expected to be paid when the
liabilities are settled.
The liability for long service leave
is accumulated from the date of
commencement. It is measured at the
amounts expected to be paid when the
liabilities are settled. Consideration is
given to expected future wage and salary
levels with an allowance for expected
future increases.
(b) Incident provision
The incident provision recognises theGroup’s estimate of
the liabilitywith respect to costs associatedwith damage
caused with incidents such as derailments, which
occurred whilst using the Group’s rail infrastructure.
(c) Other provisions
This provision is comprised of commercial
disputes with customers that are in the process
of being resolved.
(e) Movement in provisions
Movements in each class of provision during the
financial year, are set out below:
2012
Employee
benefits
Incident
provision
Other
provisions
Total
$’000
$’000
$’000
$’000
Current
Carrying amount at start of year
29,054
21,793
813
51,660
additional provisions recognised
16,267
28,763
1,286
46,316
payments/other sacrifices of
economic benefits
(19,480)
(19,260)
(1,967)
(40,707)
Carrying amount at end of year
25,841
31,296
132
57,269
2011
Employee
benefits
Incident
provision
Other
provisions
Total
$’000
$’000
$’000
$’000
Current
Carrying amount at start of year
30,166
18,135
949
49,250
additional provisions recognised
13,116
31,295
1,935
46,346
payments/other sacrifices of
economic benefits
(14,228)
(27,637)
(2,071)
(43,936)
Carrying amount at end of year
29,054
21,793
813
51,660
94
