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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
16. TRADE AND OTHER PAYABLES
Note
December 2016
$m
December 2015
$m
Trade creditors and accruals
4,561.7
3,457.5
Other creditors
404.9
509.6
Amounts payable to related parties
37 (b)
36.9
38.8
Trade and other payables
35 (b)
5,003.5
4,005.9
Derivative financial liabilities
35 (b)
4.6
1.4
Total trade and other payables
5,008.1
4,007.3
Current
4,721.1
3,675.7
Non-current
287.0
331.6
Total trade and other payables
5,008.1
4,007.3
17. CURRENT TAX LIABILITIES
The current tax liability of $126.6 million
(31 December 2015: $81.3 million) represents the amounts payable in respect of current and
prior periods.
18. PROVISIONS
December 2016
$m
December 2015
$m
Employee Benefits
Current
333.3
283.4
Non-current
73.5
84.5
Total provisions
406.8
367.9
The provision for employee benefits relates to wages and salaries, annual leave, long service leave, retirement benefits and deferred
bonuses.
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