Reserve Bank of Australia Annual Report – 1993 Financial Statements Other Liabilities – Provisions
Note 5 Other Liabilities – Provisions (Note 1(f))
Balances and movements are shown below.
| 1991/92 $'000 |
1992/93 $'000 |
|
|---|---|---|
| Provision for accrued annual leave | ||
| 5,545 | Opening balance | 5,420 |
| (6,394) | Charges against provision | (5,430) |
| 6,269 | Transfer from earnings | 5,890 |
| 5,420 | As at 30 June | 5,880 |
| Provision for long service leave | ||
| 21,733 | Opening balance | 19,385 |
| (5,567) | Charges against provision | (1,607) |
| 3,219 | Transfers from earnings | 3,179 |
| 19,385 | As at 30 June | 20,957 |
| Provision for building repairs and maintenance | ||
| 67,512 | Opening balance | 34,015 |
| (33,497) | Charges against provision | (26,892) |
| 34,015 | As at 30 June | 7,123 |
At 30 June 1993, contracts relating to major refurbishment of the Bank's buildings totalled $31 million. As outlined in Note 1(f), the Bank no longer augments this provision.