Annual Report 2016

Page 75

The Salvation Army Australia Southern Territory Social Fund Notes to the Financial Statements

NOTE 2016 2015 $’000 $’000 10. PROPERTY, PLANT AND EQUIPMENT (continued) Plant and Equipment

Carrying amount at beginning of year 9,980 9,172 Additions 4,342 3,656 Disposals – (6 ) Depreciation (2,948 ) (2,842 ) Carrying amount at end of year

11,374

9,980

22,497 6,806

22,635 10,185

11. PAYABLES Current Sundry creditors and accruals Prepaid government funding

29,303 32,820 12. EMPLOYEE BENEFITS Current Employee entitlements

21,495

19,956

Non-current Employee entitlements

2,868

2,478

6,593

6,152

1,465 2,500

1,377 1,300

The Social Fund contributed $16,570,000 (2015: $15,940,000) on behalf of employees to the superannuation plans of their choice, in accordance with superannuation guarantee legislation. Amounts not expected to be settled within the next 12 months The current provisions for annual and long service leave include all unconditional entitlements where employees have completed the required period of service. The entire amount is presented as current since the Social Fund does not have a right to defer settlement. Based on past experience, the full annual leave provision is treated as current. However, the Social Fund does not expect all employees to take the full amount accrued for long service leave within the next 12 months. The following amounts reflect long service leave that is not expected to be taken or paid within the next 12 months. Long service leave obligation not expected to be settled after 12 months 13. PROVISIONS Current Accommodation bond rollovers Care Leavers claims

1(h) 21(b)

3,965 2,677

AUS T R AL IA SOU T HE R N T ER R I TORY 20 1 6 A N N UA L R E POR T

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