Wellcom_FY11-Financial-Report

Current provisions continued for personal use only a

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Unformatted text preview: llcom Group Limited Notes to the Consolidated Financial Statements 17. Current provisions (continued) For personal use only (a) Provision for Makegood Provision has been made for the estimated cost (“makegood”) to restore leasehold property to its former state under the terms of the various leases. The costs have been measured at present value of the estimated expenditure required to remove any leasehold improvements. Movement in provisions: Makegood Carrying amount at the beginning of the year Exchange differences Charged/(credited) to the income statement: - Additional provisions recognised - Payments to make good - Unused amounts reversed Carrying amount at year end 431 - 374 (37) 125 (185) (246) 125 120 (26) 431 18. Long term borrowings 2011 $’000 - 3,120 - 408 3,528 2011 $’000 2010 $’000 529 100 629 Secured Hire purchase liabilities (note 25) Unsecured Other loans * 2010 $’000 536 153 689 * Other loans are repayable over a 5 year period. 19. Non-current provisions Employee benefits Provision for makegood (a) (a) Provision for Makegood Provision has been made for the estimated cost (“makegood”) to restore lease...
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This document was uploaded on 02/06/2014.

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