Telstra 2010 Annual Report Download - page 135
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Telstra Corporation Limited and controlled entities
120
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
As at 30 June
2010 2009
$m $m
Current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296 298
Workers' compensation (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 29
Restructuring (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -43
Redundancy (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -4
Other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 121
389 495
Non current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 549 565
Workers' compensation (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138 140
Restructuring (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -6
Other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 50
727 761
(a) Aggregate employee benefits
Current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296 298
Non current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 549 565
Current provision for redundancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -4
Accrued labour and on-costs (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322 376
1,167 1,243
Telstra Group
As at 30 June
2010 2009
Weighted average projected increase in salaries, wages and associated on-costs . . . . . . . . . . . . 4.75% 4.0%
Discount rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1% 5.0%