15. Deferred liabilities (continued)
(b) Employees' retirement gratuities
Group and company
1987
1986
$000's
$000's
At 1st July
32,315
28,625
Payments during year
(409)
(506)
Provision for the year
5,545
4,196
At 30th June
37,451
32,315
16. Contingency reserves
Group and company
1987
1986
$000's
$000's
Major repairs to motor buses
At 1st July
Payments during year
Provision for the year
6,500
5,500
(6,091)
(7,236)
6,091
8,236
6,500
6,500
At 30th June
Insurance
At 1st July
Payments during year
Provision for the year
At 30th June
64,000
64,000
(1,971)
(2,485)
1,971
2,485
64,000
64,000
70,500
70,500
17. Capital commitments
Capital commitments outstanding at 30th June, 1987 not provided for in the accounts were as follows:-
Contracted for
Group and company
1987
$000's
1986
$000's
330
18. Contingent liabilities
At 30th June, 1987, there were potential contingent liabilities in respect of third party claims in connection with the operation of franchised motor buses amounting to approximately $47 million (1986: $45 million) for which provision of $44 million (1986: $44 million) has been included in contingency reserves. In the opinion of the directors, the amounts provided are sufficient to cover any liabilities which may subsequently arise in respect of these claims.
19. Comparative figures
Certain comparative figures have been reclassified in order to conform to current year's presentation.
21