annual report 2012 – 13 - Australian Government Solicitor

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSfor the year ended 30 June 2013Year ended30 June 2013$'000Year ended30 June 2012$'00015. Provisions (cont.)Non-current:Provision for future lease escalation 835 840Surplus lease space – 862Provision for makegood on lease terminations 160 160Total non-current lease provisions 995 1 862Total lease provisions 1 154 2 196Provisionfor futureleaseescalation$'000Surplusleasespace$'000Provision formake-goodon leaseterminations$'000Total$'000Carrying amount at 1 July 2012 1 015 1 021 160 2 196Additional provisions made 182 – – 182Amounts used (203) (97) – (300)Amounts reversed – (924) – (924)Unwinding of discount or change in discount rate – – – –Closing balance 2013 994 – 160 1 154AGS currently has 10 agreements for the leasing of premises which have fixed increases.AGS has averaged the lease payments during the fixed lease terms and accrued a liability which will reverseover the same period.AGS currently has nil premises with space identified as surplus to requirements.Surplus lease provisions raised require estimates of the likelihood and extent of future potential rentals ofthe identified surplus space.AGS has made a provision to reflect the present value of this obligation.AGS currently has 2 agreements for the leasing of premises which have provisions requiring AGS to restorethe premises to their original condition at the conclusion of the lease.AGS has made a provision to reflect the present value of this obligation.Year ended30 June 2013Year ended30 June 2012$'000$'000Total current provisions 24 882 25 274Total non-current provisions 5 369 6 108Total provisions 30 251 31 382AGS Annual report 2012–13 79