Old Chang Kee Ltd - Annual Report 2016 - page 113

111
A N N U A L R E P O R T 2 0 1 6
For the Financial Year Ended 31 March 2016
NOTES TO THE
FINANCIAL STATEMENTS
24. Provisions (cont’d)
Provision for
unconsumed leave
(i)
Provision for
reinstatement costs
(ii) Total
2016 2015 2016 2015 2016 2015
$’000 $’000 $’000 $’000 $’000 $’000
Company
At beginning of year 24 – – – 24 –
Provided during the year 28 45 – – 28 45
Utilised during the year (9) (21) – – (9) (21)
Unused amounts reversed during the year (10) – – – (10) –
At end of year 33 24 – – 33 24
(i) Provision for unconsumed leave
Provision for unconsumed leave of the Group and the Company of 325,000 (2015: $316,000) and $33,000 (2015: $24,000) respectively is
the estimated cost of employee entitlements to annual leave. The estimated liability for leave is recognised for services rendered by
employees up to end of the reporting period.
(ii) Provision for reinstatement costs
Provision for reinstatement costs of $1,724,000 (2015: $1,730,000) is the estimated costs of restoring retail outlets to their original
conditions, which are capitalised and included in the cost of fixed assets. The provision is expected to be utilised at the end of the
lease terms.