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C9 Provisions

NBN Co Group

30 June 2019

30 June 2018

$m

$m

Current

Employee benefits

128

104

Other provisions

32

17

Total

160

121

NBN Co Group

30 June 2019

30 June 2018

$m

$m

Non-current

Employee benefits

58

42

Other provisions

5

22

Total

63

64

Recognition and measurement
Provisions are recognised when:

  • There is a present legal or constructive obligation to make a future sacrifice of economic benefits as a result of past transactions or events.
  • It is probable that a future sacrifice of economic benefits will arise.
  • A reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

Refer to Note D1 for employee benefits accounting policies.