2008-2009 Financial and Performance Report - Northeast Health ...

Notes to and forming part of the Financial Statements
For The Year Ended 30 June, 2009
Note 14: Interest Bearing Liabilities
Total Total
2009 2008
$000 $000
Current
Bank Overdraft - -
Australian Dollar Borrowings
- Other 5 5
Total Australian Dollar Borrowings 5 5
Total Current 5 5
Non-Current
Australian Dollar Borrowings
- Other 162 172
Total Australian Dollar Borrowings 162 172
Total Non-Current 162 172
Total Interest Bearing Liabilities 167 177
All Interest Bearing Liabilities are unsecured.
The Australian Dollar Borrowings 'Other' comprises two Bank loans. The loans are at a variable interest rate.
Finance costs incurred during the year totalled $43,000 and were recognised as expenses.
The Hospital has an approved Bank Overdraft facility of $300,000 which is secured by term deposits.
(a) Maturity analysis of interest bearing liabilities
Please refer to note 19(c) for the ageing analysis of interest bearing liabilities
(b) Nature and extent of risk arising from interest bearing liabilities
Please refer to note 19(c) for the nature and extent of risks arising from interest bearing liabilities
(c) Defaults and breaches
During the current and prior year, there were no defaults and breaches of any of the loans
Note 15: Employee Benefits and Related On-Costs Provisions
Total Total
2009 2008
$000 $000
Current Provisions
Employee Benefits
- unconditional and expected to be settled within 12 months 5,189 4,532
- unconditional and expected to be settled after 12 months 7,153 6,399
Provisions related to employee benefit on-costs
- unconditional and expected to be settled within 12 months (nominal value) 498 469
- unconditional and expected to be settled after 12 months (present value) 744 704
Total Current Provisions 13,584 12,104
Non-Current Provisions
Employee Benefits 2,058 1,464
Provisions related to employee benefit on-costs 218 161
Total Non-Current Provisions 2,276 1,625
Total Total
2009 2008
$000 $000
Current Employee Benefits (refer note 1(u))
Unconditional long service leave entitlements 5,136 4,695
Annual Leave entitlements 4,897 4,427
Accrued Salaries and Wages 2,058 1,586
Accrued Days Off 251 223
Non-Current Employee Benefits (refer note 1 (u))
Conditional long service leave (present value) 2,058 1,464
Total Employee Benefits 14,400 12,395
36 Northeast Health Wangaratta