Telstra 2012 Annual Report Download - page 148
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Telstra Corporation Limited and controlled entities
118
Notes to the Financial Statements (continued)
(a) Aggregate employee benefits
(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.
Employee benefits for long service leave are measured at their
present value. The following assumptions were adopted in
measuring this amount (refer to note 2.14 for further information):
16. Provisions
Telstra Group
As at 30 June
2012 2011
$m $m
Current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 862 754
Workers' compensation (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 25
Other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 67
942 846
Non current
Employee benefits (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 87
Workers' compensation (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 127
Other (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 30
264 244
Telstra Group
As at 30 June
2012 2011
$m $m
Current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 862 754
Non current provision for employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 87
Accrued labour and on-costs (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 456 376
1,428 1,217
Telstra Group
As at 30 June
2012 2011
Weighted average projected increase in salaries, wages and associated on-costs . . . . . . . . . . . . . . 4.7% 4.8%
Discount rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.6% 5.2%