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1 Financial Performance - 1.1 Expenses

2020

2019

$'000

$'000

1.1A: Employee Benefits

Wages and salaries

9,808

8,342

Superannuation:

Defined contribution plans

1,524

1,319

Defined benefit plans

211

217

Leave and other entitlements

1,903

1,934

Other employee benefits

40

29

Total employee benefits

13,486

11,841

Accounting Policy

Accounting policies for employee related expenses are contained in Section 4 People and Relationships of the notes to the financial statements.

2020

2019

1.1B: Suppliers

Goods and services

Contracts for services

9,791

8,672

Staff travel

269

399

Committee expenses

660

839

Information and communication

1,248

945

Printing and postage

386

512

Property outgoings

212

133

Other

524

667

Total goods and services

13,090

12,167

Goods and services are made up of:

Goods supplied

407

505

Services rendered

12,683

11,662

Total goods and services

13,090

12,167

Other supplier expenses

Operating lease rentals

Minimum lease payments

-

1,723

Workers compensation expenses

168

209

Total other supplier expenses

168

1,932

Total supplier expenses

13,256

14,099

1.1C Finance costs

2020

2019

$'000

$'000

Interest on lease liabilities

36

-

Total finance costs

36

-

The Commission 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. The above lease disclosures should be read in conjunction with the accompanying notes 2.2 and 2.4A.

Accounting Policy

All borrowing costs are expensed as incurred.