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Stepped lease provision
The stepped lease provision represents the difference between the contract rental charge and that paid over the lease.
Movements in provisions
Movements in each class of provision during the current financial year, other than employee benefits, are set out below:
Carrying amount at the start of the year Consolidated
Additional provisions recognised 2015
Amounts transferred from non-current Other
Amounts used $’000
Carrying amount at the end of the year
3,984
Note 20. Current liabilities - Finance lease liability
91
725
(75)
4,725
Finance lease Consolidated 2014
$’000
Note 21. Current liabilities - Other 2015
$’000 933
204
Deferred lease incentives Consolidated 2014
Deferred revenue 2015 $’000
$’000
5,068 4,038
479 743
5,547 4,781
Deferred lease incentives
The provision represents operating lease incentives received. The incentives are allocated to profit or loss in such a
manner that the rent expense is recognised on a straight-line basis over the lease term.
Deferred revenue
The balance represents outstanding customer reward points which entitle customers to discounts on future purchases.
Revenue from the reward points is recognised when the points are redeemed.
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