67 l BRADKEN LIMITED ANNUAL REPORT 2014
Notes to the consolidated financial statements
30 June 2014
(continued)
18 Provisions (continued)
(c)
2014
Warranty
Warranty
Restructuring
Restructuring
Environmental
Current
Non current
Current
Non current
Non Current
$'000
$'000
$'000
$'000
$'000
Carrying amount at start of year
2,640
-
2,558
-
-
Additional provisions recognised
5,866
-
21,626
-
379
FX variations
-
-
-
-
(11)
Amounts used
(1,801)
-
(14,892)
-
-
Carrying amount at end of year
6,705
-
9,292
-
368
(d)
2014
2013
$'000
$'000
3,069
4,137
Long service leave obligation expected to be settled after 12 months
Amounts not expected to be settled within the next 12 months
The current provision for long service leave includes all unconditional entitlements where employees have completed the required
period of service and also those where employees are entitled to pro-rata payments in certain circumstances. The entire amount
is presented as current, since the Group does not have an unconditional right to defer settlement. However, based on past
experience, the Group does not expect all employees to take the full amount of accrued long service leave or require payment
within the next 12 months. The following amounts reflect leave that is not to be expected to be taken or paid within the next 12
months.
Movements in provisions
Movements in each class of provision during the financial year, other than employee benefits, are set out below:
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Bradken Limited
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(CONTINUED)
1...,94,95,96,97,98,99,100,101,102,103 105,106,107,108,109,110,111,112,113,114,...136