TOURISM VICTORIA ANNUAL REPORT
TOURISM VICTORIA ANNUAL REPORT
TOURISM VICTORIA ANNUAL REPORT
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notes to the financial statements<br />
30 june 2008 (continued)<br />
Note 9. provisions<br />
2008 2007<br />
$ $<br />
Current<br />
Employee Benefits (note 9 (a)) 2,305,067 2,178,505<br />
2,305,067 2,178,505<br />
Non-current<br />
Employee Benefits (note 9 (a)) 187,455 174,327<br />
187,455 174,327<br />
Total Provisions 2,492,522 2,352,832<br />
a) Employee benefits<br />
Current employee benefits<br />
Annual leave entitlements 613,142 639,464<br />
Unconditional long service leave 1,691,925 1,539,041<br />
Current employee benefits that<br />
2,305,067 2,178,505<br />
Are expected to be utilised within 12 months after the reporting period (i) 613,142 639,464<br />
Are expected to be utilised more than 12 months after the reporting period (ii) 1,691,925 1,539,041<br />
2,305,067 2,178,505<br />
Non-current employee benefits<br />
Conditional long service leave 187,455 174,327<br />
187,455 174,327<br />
Total Employee Benefits 2,492,522 2,352,832<br />
(i) The amounts disclosed are nominal amounts<br />
(ii) The amounts disclosed are discounted to present values<br />
86 FINANCIAL <strong>REPORT</strong> 2007–2008
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