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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