Financial performance
2020 | 2019 | |||||
$ | $ | |||||
1.1 - Expenses | ||||||
1.1A - Employee benefits | ||||||
Wages and salaries | 5,300,788 | 4,095,985 | ||||
Superannuation | 707,637 | 539,550 | ||||
Long service leave | 99,336 | 74,827 | ||||
Annual leave | 418,493 | 331,046 | ||||
Other employee expenses | 386,721 | 268,889 | ||||
Total employee benefits | 6,912,975 | 5,310,297 | ||||
Accounting policy | ||||||
Accounting policies for employee related expenses is contained in the People and relationships section. | ||||||
1.1B - Suppliers | ||||||
Goods and services supplied or rendered | ||||||
Auditors remuneration | 33,000 | 32,000 | ||||
Internal audit fee | 30,306 | 33,941 | ||||
Consultants | 701,241 | 655,119 | ||||
Contractors | 22,939 | 146,682 | ||||
Communications | 516,934 | 322,197 | ||||
Travel | 914,215 | 799,275 | ||||
IT services | 190,269 | 107,327 | ||||
Office management & activities | 495,685 | 945,610 | ||||
Other | 18,723 | 25,984 | ||||
Total goods and services supplied or rendered | 2,923,312 | 3,068,135 | ||||
Goods supplied | 1,945,558 | 2,093,066 | ||||
Services rendered | 977,754 | 975,069 | ||||
Total goods and services supplied or rendered | 2,923,312 | 3,068,135 | ||||
Other suppliers | ||||||
Minimum lease payment | - | 737,020 | ||||
Workers' Compensation | 17,142 | 20,584 | ||||
Total other suppliers | 17,142 | 757,604 | ||||
Total suppliers | 2,940,454 | 3,825,739 | ||||
1.2A - Own Source Revenue | ||||||
Department of Defence Core Funding | 4,000,000 | 4,000,000 | ||||
Revenue from Contracts | 3,307,575 | 2,145,207 | ||||
Sponsorship Income | 4,104,521 | 2,388,847 | ||||
Events Income | 85,718 | 675,247 | ||||
Miscellaneous Income | 62,500 | 3,906 | ||||
Total own source revenue | 11,560,315 | 9,213,207 | ||||
Accounting policy | ||||||
Revenue from contract with customers (AASB15) is recognised when the performance obligations have been met. | ||||||
All other revenue is recognised immediately upon receipt payment (AASB1058 Income of Not-for-Profit Entities). | ||||||
Receivables for services, which have 30 day terms, are recognised at the nominal amounts due, less any impairment allowance (2019: 30 days). Collectability of debts is reviewed at the end of the reporting period. Allowances are made when collectability of the debt is no longer probable. | ||||||
1.2B - Interest | ||||||
Deposits | 58,241 | 83,441 | ||||
Total interest | 58,241 | 83,441 | ||||
Visit
https://www.transparency.gov.au/annual-reports/australian-strategic-policy-institute-limited/reporting-year/2019-20-29