Note 3: Expenditure
2020 | 2019 | |
Note 3A: Employee Benefits Expense | ||
|---|---|---|
Wages and salaries | 1,972,032 | 1,896,941 |
Other employee expense | 79,592 | 602 |
Total employee benefits | 2,051,624 | 1,897,543 |
Note 3B: Grant Expense | ||
Grant expense | 1,690,482 | 1,588,141 |
ACF grants paid | 6,528,890 | 3,960,519 |
Total grant expense | 8,219,372 | 5,548,660 |
Note 3C: Suppliers Expense | ||
Supply of goods and services | 1,028,829 | 906,929 |
Lease payments | 17,971 | 143,792 |
Total supplier expense | 1,046,800 | 1,050,721 |
The Company has short-term lease commitments of $135,375.
Note 3D: Depreciation | ||
|---|---|---|
Leasehold improvements | 258 | 9,718 |
Plant and equipment | 17,358 | 13,702 |
Depreciation ROU | 109,853 | - |
Total depreciation | 127,469 | 23,420 |
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https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2019-20-35