Note 15: Interest Bearing Liabilities Notes To and Forming Part of the Financial Statements <strong>Northern</strong> <strong>Health</strong> Annual Report 2009/2010 Parent Entity Parent Entity Consol'd Consol'd 2010 2009 2010 2009 $'000 $'000 $'000 $'000 CURRENT Treasury Corporation of Victoria 144 144 144 144 Total Current 144 144 144 144 NON CURRENT Treasury Corporation of Victoria 711 747 711 747 Total Non-Current 711 747 711 747 Total Interest Bearing liabilities 855 891 855 891 (a) Maturity analysis of Interest Bearing Liabilities Please refer to note 20(c) for the ageing analysis of interest bearing liabilities. (b) Nature and extent of risk arising from Interest Bearing Liabilities Please refer to note 20(c) for the nature and extent of risks arising from interest bearing liabilities. (c) Defaults and breaches During the current and prior year, there were no defaults and breaches of any of the loans. <strong>Northern</strong> <strong>Health</strong> Financial Report Appendix to the 2009 - 2010 Annual Report Page 34 of 52
Note 16: Employee Benefits and Related On-Costs Provisions Notes To and Forming Part of the Financial Statements <strong>Northern</strong> <strong>Health</strong> Annual Report 2009/2010 Parent Entity Parent Entity Consol'd Consol'd 2010 2009 2010 2009 $'000 $'000 $'000 $'000 Current Provisions Employee Benefits - Unconditional and expected to be settled within 12 months 15,532 13,321 15,532 13,321 - Unconditional and expected to be settled after 12 months 15,313 14,804 15,313 14,804 Other 4,637 5,872 4,637 5,872 35,482 33,997 35,482 33,997 Provisions related to employee benefit on-costs - Unconditional and expected to be settled within 12 months (nominal value) 1,666 2,263 1,666 2,263 - Unconditional and expected to be settled after 12 months (present value) 2,103 1,826 2,103 1,826 3,769 4,089 3,769 4,089 Total Current Provisions 39,251 38,086 39,251 38,086 Non-Current Provisions Employee Benefits 5,441 5,344 5,441 5,344 Provisions related to employee benefit on-costs 596 620 596 620 Total Non-Current Provisions 6,037 5,964 6,037 5,964 Current Employee Benefits Unconditional LSL entitlements 17,795 16,219 17,795 16,219 Annual leave entitlements 16,473 15,670 16,473 15,670 Accrued Wages and Salaries 4,637 5,872 4,637 5,872 Accrued Days Off 346 325 346 325 Non-Current Employee Benefits Conditional Long Service Leave entitlements (present value) 6,037 5,964 6,037 5,964 Total Employee Benefits and Related On-Costs 45,288 44,050 45,288 44,050 Movement in Long Service Leave: Balance at start of year 22,183 19,427 22,183 19,427 Provision made during the year - Revaluations (145) 277 (145) 277 - Expense recognising employee service 4,503 4,133 4,503 4,133 Settlement made during the year (2,709) (1,654) (2,709) (1,654) Balance at end of year 23,832 22,183 23,832 22,183 <strong>Northern</strong> <strong>Health</strong> Financial Report Appendix to the 2009 - 2010 Annual Report Page 35 of 52