2013
Employee
benefits
$’000
Incident
$’000
Other
$’000
Total
$’000
Carrying amount at the start of the year
25,841
31,296
132
57,269
Additional provisions recognised
16,581
21,499
4,539
42,619
Provisions transferred in from asset maintenance
program employees
2,667
-
-
2,667
Amounts used during the year
(15,350)
(30,878)
(1,292)
(47,520)
Carrying amount at end of year
29,739
21,917
3,379
55,035
2012
Employee
benefits
$’000
Incident
$’000
Other
$’000
Total
$’000
Carrying amount at the start of the 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
NOTE 19
CURRENT LIABILITIES – PROVISIONS
Consolidated
Notes
2013
$’000
2012
$’000
Employee benefits
19(a)
29,739
25,841
Incident provision
19(b)
21,917
31,296
Other provisions
19(c)
3,379
132
55,035
57,269
(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 the Group’s estimate of
the liability with 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.
(d) Movements in provisions
Movements in each class of provision during the
financial year are set out below:
84
