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Notes to the financial statements

1.1 Expenses

2019

$'000

2018

$'000

1.1A: Employee Benefits

Wages and salaries

31,289

29,099

Superannuation

Defined contribution plans

3,084

2,793

Defined benefit plans

3,051

2,666

Leave and other entitlements

4,762

3,695

Total employee benefits

42,186

38,253

1.1B: Suppliers

Consultants

4,706

4,037

Contractors

15,954

8,265

Collaborating centres

694

1,273

IT services

3,590

3,493

Printing & stationery

175

163

Training

608

463

Travel

1,095

839

Telecommunications

233

206

Other

3,742

2,717

Total goods and services supplied or rendered

30,797

21,456

Other suppliers

Operating lease rentals

3,597

3,290

Workers compensation expenses

488

430

Total other suppliers

4,085

3,720

Total suppliers

34,882

25,176

Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:

Within 1 year

4,075

3,595

Between 1 to 5 years

14,539

14,263

More than 5 years

19,377

22,921

Total operating lease commitments

37,991

40,778

Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets.

1.2 Own-source revenue and gains

2019

$'000

2018

$'000

Own-Source Revenue

1.2A: Sale of Goods and Rendering of Services

Sale of goods

5

3

Rendering of services

42,664

35,093

Total sale of goods and rendering of services

42,669

35,096

1.2B: Interest

Deposits

1,961

1,759

Total interest

1,961

1,759

1.2C: Revenue from Government

Department of Health

Corporate Commonwealth entity payment item

33,322

28,078

Total revenue from Government

33,322

28,078

2.1 Financial assets

2019

$'000

2018

$'000

2.1A: Cash and cash equivalents

Cash at bank

4,572

4,155

Term deposits - cash equivalents

75,500

70,500

Total cash and cash equivalents

80,072

74,655

2.1B: Trade and Other Receivables

Goods and services receivables

Goods and services

16,143

10,456

Total goods and services receivables

16,143

10,456

Total trade and other receivables

16,143

10,456

Credit terms for goods and services were within 30 days (2018: 30 days).

All trade and other receivables were assessed for impairment at 30 June. No indicators of impairment were identified for trade and other receivables.

2.2 Non-financial assets

2.2A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles

Reconciliation of the opening and closing balances of property, plant and equipment for 2019

Buildings

Plant and equipment

Intangibles

Total

$'000

$’000

$’000

$’000

As at 1 July 2018

Gross book value

3,914

3,064

267

7,245

Accumulated depreciation, amortisation and impairment

(7)

(2)

(103)

(112)

Total as at 1 July 2018

3,907

3,062

164

7,133

Additions

Purchase

538

1,334

-

1,872

Depreciation and amortisation

(454)

(580)

(89)

(1,123)

Total as at 30 June 2019

84

754

(89)

749

Total as at 30 June 2019 represented by

Gross book value

4,452

4,398

267

9,117

Accumulated depreciation, amortisation and impairment

(461)

(582)

(192)

(1,235)

Total as at 30 June 2019

3,991

3,816

75

7,882

1. There is no internally developed software included in non-financial assets

2. Assets may be sold over the next 12 months in line with a regular replacement program

3. All assets were assessed for impairment at 30 June. There were no indications of impairment.

2.3 Payables

2019

2018

$’000

$’000

2.3A: Other Payables

Salaries and wages

286

261

Superannuation

46

43

Lease incentive - Canberra

2,500

2,750

Operating lease

2,322

1,954

Total other payables

5,154

5,008

2.3B: Employee Provisions

Annual leave

4,065

3,621

Long service leave

10,125

8,904

Total employee provisions

14,190

12,525

3.1 Key management personnel remuneration

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the AIHW, directly or indirectly, including any director (whether executive or otherwise) of the AIHW. The AIHW has determined the key management personnel to be the Chief Executive Officer, Board of Directors and Group Heads.

2019

2018

$’000

$’000

Short-term employee benefits

2,657

2,423

Post-employment benefits

401

361

Other long-term employee benefits

131

33

Total key management personnel remuneration expenses

3,189

2,817

The total number of key management personnel included in the above table is 22 (2018: 17).

1. The above key management personnel remuneration excludes the remuneration and other benefits of the Portfolio Minister. The Portfolio Minister's remuneration and other benefits are set by the Remuneration Tribunal and are not paid by the entity.

3.2 Related party disclosures

Related party relationships:

The AIHW is an Australian Government controlled entity. Related parties to this entity are the Minister for Health and Executive, Directors, Key Management Personnel and AIHW Executive, and other Australian Government entities.

Transactions with related parties:

Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. The AIHW’s arrangements with the government sector are conducted under contracts as normal business with the same conditions as with private enterprise. These transactions have not been separately disclosed in this note.

There were no related party transactions during the financial year (2017–18: $0)

4.1 Financial instruments

2019

2018

$’000

$’000

4.1A: Categories of Financial Instruments

Financial Assets under AASB 139

Loans and receivables

Cash and Cash Equivalents

74,655

Trade and Other Receivables

10,456

Total loans and receivables

85,111

Financial Assets under AASB 9

Financial assets at amortised cost

Cash and Cash Equivalents

80,072

Trade and Other Receivables

16,143

Total financial assets at amortised cost

96,215

Total financial assets

96,215

85,111

Financial Liabilities

Financial liabilities measured at amortised cost

Trade Creditors

3,786

4,011

Total financial liabilities measured at amortised cost

3,786

4,011

4.2 Fair value measurements

The following tables provide an analysis of assets and liabilities that are measured at fair value.

4.2A: Fair Value Measurements, Valuations Techniques and Inputs Used

The following tables provide an analysis of assets and liabilities that are measured at fair value.

Fair value measurements at the end of the reporting period using

Fair Value ($'000)

2019

2018

Leasehold improvements

3,991

3,907

Other property, plant and equipment

3,816

3,062

Total non-financial assets

7,807

6,969

Total fair value measurements of assets in the statement of financial position

7,807

6,969

Fair value measurements - highest and best use differs from current use for non-financial assets (NFAs)

The highest and best use of all non-financial assets are the same as their current use.

There are no liabilities measured at fair value.

In 2018 the AIHW procured valuation services from AllBids and relied on valuation models provided by AllBids. AllBids provided written assurance to the entity that the model developed is in compliance with AASB 13 - Fair Value Measurement. All assets were valued using the Fair Market Value Technique.

5.1 Aggregate assets and liabilities

2019

2018

$’000

$’000

5.1A: Aggregate Assets and Liabilities

Assets expected to be recovered in:

No more than 12 months

98,215

86,541

More than 12 months

7,882

7,134

Total assets

106,097

93,675

Liabilities expected to be recovered in:

No more than 12 months

66,672

55,505

More than 12 months

8,408

7,540

Total liabilities

75,080

63,045