2004-05 Annual Report - Australia Post

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
15. NON-CURRENT ASSETS – OTHER
FOR THE YEAR ENDED 30 JUNE 2005
Consolidated Corporation
Deferred interest 0.0 6.4 0.0 6.4
Other non-current assets 5.0 5.0 5.0 5.0
Total non-current other assets 5.0 11.4 5.0 11.4
16. CURRENT LIABILITIES – PROVISIONS
Employees:
Leave 206.9 201.7 204.3 201.0
Workers’ compensation 24.9 22.1 24.9 22.1
Separations and redundancies 18.5 27.5 18.4 27.4
Other employee provisions 24.8 16.7 24.6 16.7
Total current provisions 275.1 268.0 272.2 267.2
Refer to note 32 for a schedule showing movements in provisions.
17. CURRENT LIABILITIES – PAYABLES
Suppliers:
Trade creditors 249.2 286.8 242.3 286.5
Other:
Agency creditors 189.1 161.4 189.1 161.4
Salaries and wages 28.3 21.7 27.4 20.7
Borrowing costs 8.0 4.0 8.0 4.0
Unearned postage revenue 55.2 54.0 55.2 54.0
Other advance receipts 56.8 56.9 56.7 56.5
Finance lease and hire purchase liabilities payable 1.5 0.0 0.0 0.0
Payables to controlled entities (refer note 28) 0.0 0.0 10.7 0.0
Other payables 36.4 37.3 29.6 36.7
2005
$m
2004
$m
2005
$m
2004
$m
375.3 335.3 376.7 333.3
Total current payables 624.5 622.1 619.0 619.8
18. CURRENT LIABILITIES – TAX
Income tax 31.8 41.0 31.2 41.0
Deferred income tax 20.9 17.6 20.9 17.6
Total current tax liabilities 52.7 58.6 52.1 58.6
19. NON-CURRENT LIABILITIES – INTEREST BEARING
Fixed-rate unsecured bonds payable:
– in one to five years 530.0 530.0 530.0 530.0
Finance lease and hire purchase liabilities payable:
– in one to five years 1.8 0.0 0.0 0.0
Total non-current interest-bearing liabilities 531.8 530.0 530.0 530.0
Effective interest rate between 5.5% and 6.1% (2004, 6.1%).
Australia Post Annual Report 2004/05 Financial and Statutory Reports Notes to and forming part of the financial statements
| 79 |