Note 34. Employee Benefits

  2013
$’000
2012
$’000
Current Employee Benefits    
Annual Leavea 83,716 76,428
Long Service Leaveb 79,538 71,762
Accrued Salariesc 17,025 15,688
Other Benefits 243 429
Total Current Employee Benefits 180,522 164,307
     
Non-Current Employee Benefits    
Long Service Leaved 12,457 14,984
Total Non-Current Employee Benefits 12,457 14,984
Total Employee Benefits 192,979 179,292

 

a) The increase is mainly due to the impact of collective agreement pay rises and an increase in staff numbers for growth in services and the growth in liability due to leave consumption not in line with leave earned.

b) The increase is mainly due to the impact of collective agreement pay rises and an increase in staff numbers for growth in services and the growth in liability due to leave consumption not in line with leave earned, which was partially offset by the impact of a reduction in the rate used to estimate the present value of long service leave payments from 106.6% to 101.3%.

c) The increase is due to an additional day’s pay accrued in 2013 compared to 2012.

d) The reduction in non-current long service leave liabilities is mainly due to a reduction in the rate used to estimate the present value of long service leave payments from 106.6% to 101.3%.

 

Estimate of when Leave is Payable    
Estimated Amount Payable within 12 months    
Annual Leave 83,715 76,428
Long Service Leave 6,107 7,223
Accrued Salaries 17,026 15,688
Other Benefits 243 429
Total Employee Benefits Payable within 12 months 107,091 99,768
     
Estimated Amount Payable after 12 months    
Long Service Leave 85,888 79,524
Total Employee Benefits Payable after 12 months 85,888 79,524
Total Employee Benefits 192,979 179,292