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NOTE 21: PROVISIONS (cont.)
(c) Reconciliations (cont.)
Site Rehab. Other Total
Year ended 31 July 2008 $000 $000 $000
Balance at the beginning of the year 2,833 1,395 13,150
Additional provisions recognised 461 501 3,793
Amounts used (1,769) - (5,977)
Reversals of provisions - 211 (2,572)
Balance at the end of the year 1,525 2,107 8,394
Current 250 2,107 7,119
Non-current 1,275 - 1,275
1,525 2,107 8,394
(d) Descriptions
Provision for demolition
A provision has been recognised for the demolition of some buildings not suitable for the ongoing operations of the Group. The
timing of the settlement of this provision is dependant upon relevant local authority approvals.
Provision for product claims
A provision has been recognised for estimated claims in respect of products sold. The provision has been based upon product
rectification or replacement requests made known to the Group as at the end of the financial year. It is expected that this provision
will be satisfied during the next financial year.
Provision for workers compensation
The Brickworks group self-insures for workers compensation in certain states. The provision has been based on independent
actuarial calculations based on incidents reported before year end. The timing of the future outflows is dependant upon the
notification and acceptance of relevant claims, and would be expected to be satisfied over a number of future financial periods.
Site rehabilitation
A provision has been recognised for estimated costs of restoring quarry sites to their original state in accordance with relevant
approvals. The settlement of this provision will occur once the resource allocation within the quarry is exhausted, which varies
based on the size of the resource and the usage rate of the extracted material. In some cases this may extend decades into the
future.
Other provisions
Other provisions are made up from a number of sundry items.
CONSOLIDATED PARENT ENTITY
31 JULY 08 31 JULY 07 31 JULY 08 31 JULY 07
$000 $000 $000 $000
NOTE 22: DEFERRED TAX LIABILITIES
Deferred tax liability 141,421 144,860 12,111 12,024
The balance comprises temporary differences
attributable to:
Equity accounted associates 115,811 126,292 10,678 10,678
Property, plant and equipment 23,661 16,618 - -
Timber access rights 516 602 - -
Other sundry items 1,433 1,348 1,433 1,346
141,421 144,860 12,111 12,024
NOTE 23: OTHER NON-CURRENT LIABILITIES
Deferred government grant - 240 - -
The government grant related to construction projects at the Auswest Timbers value adding

 

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