Reserve Bank of Australia Annual Report – 1992 Financial Statements Other Liabilities – Provisions
Note 5 Other Liabilities – Provisions (Note 1(f))
| 1990/91 $'000 | 1991/92 $'000 | |
|---|---|---|
| Balances and movements are shown below. | ||
| Provision for Accrued Annual Leave | ||
| 5,166 | Opening balance | 5,545 |
| – | Charges against provision | (6,394) |
| 379 | Transfer from earnings | 6,269 |
| 5,545 | As at 30 June | 5,420 |
| Provision for Long Service Leave | ||
| 20,783 | Opening balance | 21,733 |
| (2,073) | Charges against provision | (5,567) |
| 3,023 | Transfers from earnings | 3,219 |
| 21,733 | As at 30 June | 19,385 |
| Provision for Building Repairs and Maintenance | ||
| 53,084 | Opening balance | 67,512 |
| (10,572) | Charges against provision | (33,497) |
| 25,000 | Transfer from earnings in terms of section 78 of the Reserve Bank Act | – |
| 67,512 | As at 30 June | 34,015 |
At 30 June 1992, contracts relating to major refurbishment of the Bank's buildings totalled $33 million. As outlined in Note 1(f), the Bank no longer augments this provision.