Belfast Limited has 1,000 employees and each employee is entitled to 30 days’ paid annual leave each year. The holiday year commences on | July each year and, at the company’s financial year-end of 31 December 2017, employees had on average each taken 10 days leave in the six months to 31 December 2017.

Requirement Assuming,an annual salary of €30,000 and a working year of 250 days, calculate the provision to be made in the financial statements at 31 December 2017.