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1.1.A Employee benefits
Wages and salaries
Defined contribution plans
Defined benefit plans
Leave and other entitlements
Separation and redundancies
Operating lease rentals1
Workers' compensation premiums
ASIO has no short-term lease commitments as at 30 June 2020.
The above lease disclosures should be read in conjunction with notes 1.1.C, 1.2.B, 2.2.A and 2.4.A.
ASIO has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value (less than $10 000). ASIO recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
1.1.C Finance Costs
Interest on lease liabilities
Unwinding of discount-restoration obligations
1.1.D Write-down and impairment of other assets
Write-down and impairment of property, plant, equipment and computer software
Losses from asset sales
1.2 OWN-SOURCE REVENUE AND GAINS
OWN SOURCE REVENUE AND GAINS
1.2 OWN SOURCE REVENUE AND GAINS
Revenue from the sale of services is recognised by reference to the stage of completion of contracts at reporting date. This is determined by the proportion that costs incurred to date bear to the estimated total costs of the transaction.
1.2.B Other revenue
Subleased right-of-use assets income
Resources received free of charge-remuneration of auditors
Resources received free of charge-equipment
Sublease right-of-use assets income commitments
As lessor, subleased right-of-use assets income commitments are for office accommodation
Commitments are receivable
Within 1 year
Between 1 to 5 years
More than 5 years
Resources received free of charge are recognised as revenue when, and only when, a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature.