KU Annual Report 2013 | Page 39

13. Provisions Current Employee Benefits: Provision for annual leave and rostered days off Provision for long service leave Provision for enterprise bargaining agreement back pay Provision for Make Good Liability: Make Good Non-current Employee Benefits: Provision for long service leave Provision for Make Good Liability: Make Good Liability 2013 $ 2012 $ 6,208,707 3,293,999 611,811 10,114,517 5,098,893 3,497,926 2,436,861 11,033,680 1,027,488 11,142,005 - 11,033,680 1,558,610 1,649,156 515,531 2,074,141 - 1,649,156 A provision for make good was taken up in 2013 to account for commitments related to decommissioning of leased properties. 14. General Funds Balance at beginning of financial year Net surplus Net transfers (from) / to General Funds (note 15 & 16) Balance at end of financial year 13,419,411 2,868,786 (908,813) 15,379,384 10,466,753 2,956,032 (3,374) 13,419,411 1,195,958 58,813 1,254,771 1,192,584 3,374 1,195,958 15. Fundraising Reserve Balance at beginning of financial year Transfer to general funds Balance at end of financial year The fundraising reserve arises from the accumulated efforts of parents and staff to allow services to purchase optional toys and equipment, to assist the service to expand and develop to meet local needs and to allow parents to share in the life of the service and to make a concrete contribution to their children’s lives. Further notes on fundraising are set out in Note 23 41