Qantas 2012 Annual Report Download - page 105
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FOR THE YEAR ENDED 30 JUNE 2012
Notes to the Financial Statements continued
Qantas Group
2012
$M
2011
$M
CURRENT
Employee benefits
– Annual leave
– Long service leave
– Redundancies, restructuring and other employee benefits
Onerous contracts
Make good on leased assets
Insurance, legal and other
Total current provisions
NONCURRENT
Employee benefits
– Long service leave
Onerous contracts
Make good on leased assets
Insurance, legal and other
Total non-current provisions
Reconciliations of the carrying amounts of each class of provision, except for employee benefits, are set out below:
Qantas Group
2012
$M
Opening
Balance
Provisions
Made
Provisions
Utilised
Unwind of
Discount Other1
Closing
Balance Current
Non-
Current Total
Reconciliations
Onerous contracts () –
Make good on leased assets ()
Insurance, legal and other ()
Total ()
2011
$M
Reconciliations
Onerous contracts () – –
Make good on leased assets ()
Insurance, legal and other ()
Total ()
1 Other includes transfers from other balance sheet accounts.
22. Provisions
103