AnnuAl REPORT 2011-2012 - Sbs

9(b) Other payables (cont.)
Total other payables are represented by:
Notes
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
No more than 12 months 6,896 13,136 6,138 11,749
More than 12 months (one to five years) 13,064 11,288 13,064 11,288
total other payables 19,960 24,424 19,202 23,037
10. Interest bearing liabilities
10(a) loans
Loans from Government (i) 6,021 12,126 6,021 12,126
total loan liability 6,021 12,126 6,021 12,126
(i) The Corporation received a loan of $24m from Government on 2 July 2002 to refinance the balance of the
Corporation’s private sector loan for the construction and enhancement of the premises at Artarmon.
In 2009 the Corporation received a loan of $15m to offset the cash flow impact of advance payments required for
sporting events rights and to fund infrastructure works related to digital broadcasting.
Notes
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Maturity schedule for loans:
Payable:
No more than 12 months 3,021 6,126 3,021 6,126
More than 12 months (one to five years) 3,000 6,000 3,000 6,000
total loan liability 6,021 12,126 6,021 12,126
11. Provisions
11(a) employee provisions
Annual leave 7,596 7,559 7,594 7,431
Long service leave 10,423 9,557 10,418 9,524
Superannuation on leave 1,277 1,123 1,265 1,114
Separations and redundancies (ii) 3,288 1,691 3,131 1,691
total employee provisions 22,584 19,930 22,408 19,760
(ii) Provision is made for separation and redundancy payments to employees identified at the reporting date – see 1(j)(iii)
AnnuAl RepoRt 2011 – 2012 107