AWB Limited - 2003 Annual Report

16. PROVISIONS
Consolidated
AWB Limited
Notes 2003 2002 2003 2002
$'000 $'000 $'000 $'000
Current
Employee benefits
Litigation
Surplus leased premises and restoration
Onerous contracts
31 26,669
5,200
6,915
1,548
7,288
2,900
–
–
6,750
2,900
–
–
6,390
2,900
–
–
Restructure 10,317 – 5,000 –
Dividends – 30,075 – 30,075
50,649 40,264 14,650 39,365
Non–current
Employee benefits 31 1,721 1,513 1,721 1,513
Consolidated AWB Limited
2003 2003
$'000 $'000
Reconciliations
Reconciliations of the carrying amounts of litigation, restructure and dividend provisions are set out below:
Litigation
Carrying amount at the beginning of the year 2,900 2,900
Increase through acquisition of entity 2,300 –
Decrease from favourable foreign currency movements (423) (423)
Resolutions made during the year (334) (334)
Provision made during the year 757 757
Carrying amount at the end of the year 5,200 2,900
Restructure
Carrying amount at the beginning of the year – –
Provision made during the year 5,000 5,000
Increase through acquisition of entity 5,317 –
Carrying amount at the end of the year 10,317 5,000
Dividend
Carrying amount at the beginning of the year 30,075 30,075
Provision made during the year 38,369 38,369
Payment made during the year (68,444) (68,444)
Carrying amount at the beginning of the year – –
17. OTHER LIABILITIES
Consolidated
AWB Limited
2003 2002 2003 2002
$'000 $'000 $'000 $'000
Current
Financial liabilities 8,907 – – –
Unearned income 9,458 120 1,001 –
Deferred gains – hedging contracts 3,684 19,956 – –
22,049 20,076 1,001 –
67