17. Provisions
|
Leasehold incentive $'000 |
Employee benefits $'000 |
Land and site costs $'000 |
Total $'000 |
|
|---|---|---|---|---|
|
At 1 July 2018 |
83 |
32 |
166,406 |
166,521 |
|
Provisions made during the year |
- |
48 |
106,143 |
106,191 |
|
Provisions used during the year |
(27) |
- |
(59,789) |
(59,816) |
|
Provisions reversed during the year |
- |
- |
(11,972) |
(11,972) |
|
At 30 June 2019 |
56 |
80 |
200,788 |
200,924 |
|
Current |
27 |
80 |
156,144 |
156,251 |
|
Non-current |
28 |
- |
44,644 |
44,673 |
|
56 |
80 |
200,788 |
200,924 |
Employee Benefits
Provision for employee benefits represents amounts accrued for annual leave.
Land and site costs
Land and site costs recognises the Group’s estimated contractual obligation to prepare the land ready for development. Cost estimates have been based on advice provided by qualified specialist consultants using preliminary designs which are not yet approved for construction.
There is a significant level of uncertainty about the final quantum of these costs, along with the timing of the economic outflow.
Visit
https://www.transparency.gov.au/annual-reports/moorebank-intermodal-company-limited/reporting-year/2018-2019-100