Telstra 2007 Annual Report Download - page 174

Telstra Corporation Limited and controlled entities
171
Notes to the Financial Statements (continued)
(i) Accrued labour and relat ed on-costs are included within our current
trade and other payables (refer to note 17).
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:
19. Provisions
Telstra Group Telstra Entity
As at 30 June As at 30 June
2007 2006 2007 2006
$m $m $m $m
Current
Employee benefit s (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310 319 262 272
Workers' compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 32 29 31
Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128 81 128 81
Redundancy (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 158 39 155
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 147 110 140
628 737 568 679
Non current
Employee benefit s (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 565 573 539 548
Workers' compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167 184 162 177
Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 128 51 128
Redundancy (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -28 -28
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 61 35 43
834 974 787 924
(a) Aggregate employee benefits
Current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310 319 262 272
Non current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . 565 573 539 548
Current provision for redundancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 158 39 155
Non current provision for redundancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -28 -28
Accrued labour and on-costs (i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 379 317 337 303
1,293 1,395 1,177 1,306
Telstra Group Telstra Entity
As at 30 June As at 30 June
2007 2006 2007 2006
Weighted average projected increase in salaries, wages and associated on-costs. . . . . 4.6% 4.2% 4.6% 4.3%
Weighted average discount rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.8% 5.4% 5.8% 5.4%
Leave taking rates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.4% 13.2% 12.5% 13.3%