annual report 2011

IOOF | annual report 2011
(b) Other bank facilities
In addition to the cash advance and working capital facilities, the Group has a number of facilities with the Commonwealth Bank of
Australia. These include equipment finance, MasterCard and contingent liability facilities. The aggregate of these facilities are $35.4
million.
(c) Finance lease liabilities
Future
minimum lease
payments
Consolidated 2011 Consolidated 2010
Present value
of minimum
lease payments
Future
minimum lease
payments
Present value
of minimum
lease payments
Finance lease liabilities of the Group are payable as follows: $’000 $’000 $’000 $’000
Less than one year 19 18 93 93
Between one and five years 21 20 40 35
40 38 133 128
Less future finance charges (2) (5)
38 128
23 Other financial liabilities
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Share buy-back liability 43,112 37,357 - -
A liability has been recognised in respect of an obligation by the Group to buy back vested shares in some Perennial Group
subsidiaries under certain circumstances. The above liabilities are recorded at fair value.
Further information about the Group’s exposure to risks arising from other financial liabilities is provided in Note 5 Risk management.
24 Provisions
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Employee entitlements 37,328 38,080 - -
Directors’ retirement 659 594 - -
Onerous contracts 730 3,082 - -
Restructuring - 998 - -
Other provisions 1,662 2,834 - 550
40,379 45,588 - 550
page 89