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Payables

2.3 Payables

2020

2019

$’000

$’000

2.3A: Other Payables

Salaries and wages

25

14

Superannuation

4

2

Separations and redundancies

-

65

Fixed lease increase1

-

26

Prepayments received/unearned income

-

24

Total other payables

29

131

1. The Entity has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.

2.4 Interest Bearing Liabilities

2020

2019

$’000

$’000

2.4A: Leases

Finance Leases1

141

-

Total leases

141

-

1. The Entity has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.

Total cash outflow for leases for the year ended 30 June 2020 was $273,219.

Accounting Policy

Refer to Overview section for the accounting policy on leases.