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Home > Notes to the Financial Statements for the year ended 30 June 2004 > 23. Interest-bearing liabilities 24. Provisions


23. Interest-bearing liabilities
24. Provisions

  2004   
$000   

23. Interest-bearing liabilities   top of page


24. Provisions
  top of page

The settlement of annual and long service leave liabilities gives rise to the payment of employment on-costs including superannuation, payroll tax and workers compensation premiums.The liability for such on-costs is included here.

The PTA considers the carrying amount of employee benefits approximates the net fair value.

Movements in provisions
Movements in each class of provisions during the financial year, other than employee benefits, are set out below.

2004

 

2004
$000
Public liability
provision

2004
$000
Workers
compensation

 

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