Liabilities in financial statements Notes 13 and 14 for the financial statements of Emm Limited are shown.

Note 13. Creditors and borrowings Consolidated 2022 2021

$000 $000 Current Trade creditors and accruals 231 473 217 868 Bank loans – unsecured 73 351 64 262 304 824 282 130 Noncurrent Notes payable 150 000 115 000 Loans – unsecured 1 160 20 970 Bank loans – unsecured 305 437 150 000 456 597 285 970 Note 14. Provisions 2022 2021 $000 $000 Current Self-insurance 6 048 5 041 Employee leave entitlements 31 006 30 779 Warranty and service on goods sold 8 404 6 962 Income tax payable (Note 4B) 34 257 62 165 79 715 104 947 Noncurrent Self-insurance 250 250 Employer leave entitlements 41 613 36 110 Warranty and service of goods sold 961 708 42 824 37 068 1 Provide examples of trade creditors and accruals.
2 Notes Payable of $150 million in 2022 is repayable during 2023. How will this affect the balance sheet?
3 Assume that a total of $6 million was paid in warranty costs during 2022. What was the warranty expense for 2022?
4 What would be included in the provision for employee leave entitlements? Why is it both a current and a noncurrent liability? What journal entry is made to increase this amount?