Reserve Bank of Australia Annual Report – 1995 Financial Statements Other Liabilities – Provisions
Note 5 Other Liabilities – Provisions (Note 1(f))
This item comprises the Bank's provisions for employee entitlements, in accordance with AAS 30. It now includes salaries and wages accrued as at balance date, which were previously shown under “Other Liabilities – Other”.
| 1994 $'000 |
1995 $'000 |
|
|---|---|---|
| Salaries and wages accrued at balance date | 1,563 | |
| Provision for accrued annual leave | ||
| 5,880 | Opening balance | 5,958 |
| (6,149) | Charges against provision | (6,259) |
| 6,227 | Transfer from earnings (Note 2) | 7,230 |
| 5,958 | As at 30 June | 6,929 |
| Provision for long service leave | ||
| 20,957 | Opening balance | 21,285 |
| (2,741) | Charges against provision | (3,490) |
| 3,069 | Transfer from earnings (Note 2) | 2,502 |
| 21,285 | As at 30 June | 20,297 |
| Provision for post-employment benefits | ||
| Opening balance | nil | |
| Charges against provision | – | |
| Transfer from earnings (Note 2) | 30,348 | |
| As at 30 June | 30,348 | |
Employee entitlements to superannuation are not included in the balance sheet (Note 14).