Latte Services Ltd has three employees. Their employment contracts entitle them to 13 weeks leave after 10 years of service. Refer to the following information about each employee at 30 June 2020:

Assume salaries are not expected to change, and ignore the effect of inflation. The employees are committed to the organisation and do not plan to resign but will take long‐service leave as soon as available. You have found out the following information on current high‐quality bond interest rates:

Required 

Calculate the value of the provision for long‐service leave for Latte Services Ltd at 30 June 2020.

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248 Employee Current salary Years service Nathan Lucy Ava 70 000 115 000 190 000