Telstra 2009 Annual Report Download - page 147

Telstra Corporation Limited and controlled entities
132
Notes to the Financial Statements (continued)
(i) Accrued labour and related on-costs are included within our current
trade and other payables (refer to note 15).
Provision for employee benefits consist of amounts for annual leave
and long service leave accrued by employees.
Non current employee benefits for long service leave are measured at
their present value. The following assumptions were adopted in
measuring this amount:
16. Provisions
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
$m $m $m $m
Current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 298 305 266 256
Workers' compensation (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 29 26 27
Restructuring (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 51 43 51
Redundancy (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 410 49
Other (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121 140 81 114
495 535 420 457
Non current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 565 538 543 514
Workers' compensation (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 152 136 148
Restructuring (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 634 634
Other (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 52 38 43
761 776 723 739
(a) Aggregate employee benefits
Current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 298 305 266 256
Non current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . 565 538 543 514
Current provision for redundancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 410 49
Accrued labour and on-costs (i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 376 454 306 378
1,243 1,307 1,119 1,157
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
Weighted average projected increase in salaries, wages and associated on-costs. . . . . . 4.0% 4.0% 4.0% 4.0%
Discount rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.0% 6.1% 5.0% 6.2%