Note 13: Employee entitlements
Annual Report for the year ended 30 June 2008.
| Actual 2007 $000 |
Actual 2008 $000 |
|
|---|---|---|
| Current employee entitlements comprise: | ||
| 843 | Salary and other accruals | 1,153 |
| 1,430 | Annual leave | 1,659 |
| 79 | Long service leave | 63 |
| 85 | Time off in lieu of overtime worked | 148 |
| 38 | Retiring/resigning leave | 116 |
| 65 | Sick leave | 87 |
| 2,540 | Total current portion | 3,226 |
| Non-current employee entitlements comprise: | ||
| 34 | Long service leave | 31 |
| 678 | Retiring/resigning leave | 619 |
| 712 | Total non-current portion | 650 |
| 3,252 | Total employee entitlements | 3,876 |
The present value of the retirement and long service leave obligations depends on a number of factors that are determined on an actuarial basis using a number of assumptions. Two key assumptions used in calculating this liability include the discount rate and the salary inflation factor. Any changes in these assumptions will affect the carrying amount of the liability.
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