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              [html]<thead><tr><tdcolspan="5">only one repopalize at variying ratio / ty dates between 2009 and 2012. The Sartos Sinup has entered interest site sway ; contracts to manage the reposure to intent rates. This has resulted in a weighted awarenge interest set one one interen</td></tr><tr><tdcolspan="5">16. Provisions</td></tr><tr><td>Co2004Smillion</td><tdcolspan="2">2003 $ million</td><tdcolspan="2">Santos 2004 $ Smillion</td></tr><tr><td>Ltd2003 $ million</td><td>Current</td><td>Employee benefits</td><td>48.7</td><td>47.7</td></tr></thead><tbody><tr><td>47.6</td><td></td><td></td><td></td><td></td></tr><tr><td>46.3</td><td>Future restoration costs</td><td>3.9</td><td>7.6</td><td>0.9</td></tr><tr><td>1.2</td><td>Non - executive Directors ’ retirement benefits</td><td>0.2</td><td>-</td><td>0.2</td></tr><tr><td>–</td><td>52.8</td><td>55.3</td><td>48.7</td><td>47.5</td></tr><tr><td></td><td>Non - current</td><td>Future restoration costs</td><td>129.4</td><td>113.7</td></tr><tr><td>43.8</td><td></td><td></td><td></td><td></td></tr><tr><td>36.0</td><td>Non - executive Directors ’ retirement benefits</td><td>2.2</td><td>2.3</td><td>2.2</td></tr><tr><td>2.3</td><td>131.6</td><td>116.0</td><td>46.0</td><td>38.3</td></tr><tr><td></td><td>Reconcilliations of the carrying amount of the non - executive Directors ’ retirement benefits are set out below :</td><td>Current</td><td>Carrying amount at beginning of the year</td><td>−</td></tr><tr><tdcolspan="5">0.6</td></tr><tr><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td>0.6</td><td>Transfer from /( to ) non - current provision</td><td>0.2</td><td>( 0.3 )</td><td>0.2</td></tr><tr><td>( 0.3 )</td><td>Payments made during the year</td><td>−</td><td>( 0.3 )</td><td>-</td></tr><tr><td>( 0.3 )</td><td>Carrying amount at end of the year</td><td>0.2</td><td>-</td><td>0.2</td></tr><tr><td>Non - current</td><td>Carrying amount at beginning of the year</td><td>2.3</td><td>1.7</td><td></td></tr><tr><td>2.3</td><td></td><td></td><td></td><td></td></tr><tr><td>1.7</td><td>Provision made during the year</td><td>0.1</td><td>0.3</td><td>0.1</td></tr><tr><td>0.3</td><td>Transfer from /( to ) current provision</td><td>( 0.2 )</td><td>0.3</td><td>( 0.2 )</td></tr><tr><td>0.3</td><td>Carrying amount at end of the year</td><td>2.2</td><td>2.3</td><td>2.2</td></tr><tr><td>2.3</td><td>17. Other Liabilities</td><td>Current</td><td>Deferred foreign currency fluctuations on borrowings</td><td>3.5</td></tr><tr><tdcolspan="5">10.6</td></tr><tr><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td>–</td><td>Accrued fluctuations on foreign currency swaps</td><td>11.2</td><td>-</td><td>-</td></tr><tr><td>–</td><td>14.7</td><td>10.6</td><td>-</td><td>–</td></tr><tr><td></td><td>Non - current</td><td>Deferred foreign currency fluctuations on borrowings</td><td>33.9</td><td>55.7</td></tr><tr><td>-</td><td></td><td></td><td></td><td></td></tr><tr><td>–</td><td>The defened foreign currency fluctuations on ISS diliar bornowings designated as helpes reflect the defened goins artising from the novement of the Australian dilar ageinst the ISS dillar from the inception of the dowdown of the bornwin</td></tr><tr><tdcolspan="5"</tr></tbody>
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