1: Expenses
2021 | 2020 | ||
$'000 | $'000 | ||
Note 1A: Employee benefits | |||
Wages and salaries | 1,490,735 | 1,368,186 | |
Superannuation: | |||
Defined contribution plans | 148,392 | 127,067 | |
Defined benefit plans | 166,924 | 170,657 | |
Leave and other entitlements | 227,632 | 283,341 | |
Separation and redundancies | 5,472 | 10,867 | |
Other employee expenses | 3,014 | 3,685 | |
Total employee benefits | 2,042,169 | 1,963,803 |
Accounting policy
Accounting policies for employee related expenses is contained in Note 7A Employee provisions.
Note 1B: Suppliers | |||
Goods and services supplied or rendered | |||
Contractors and consultants | 600,087 | 465,304 | |
IT and communications | 586,434 | 529,283 | |
Legal | 62,080 | 63,721 | |
Office operations | 117,680 | 136,577 | |
Property | 59,527 | 63,333 | |
Tax administration services provided by the Department of Home Affairs | 56,200 | 50,465 | |
Other1 | 96,275 | 111,572 | |
Total goods and services supplied or rendered | 1,578,283 | 1,420,255 | |
Other suppliers | |||
Operating lease rentals2 | 90 | 27 | |
Workers compensation expenses | 2,956 | 3,977 | |
Total other suppliers | 3,046 | 4,004 | |
Total suppliers | 1,581,329 | 1,424,259 |
1.The comparative figure includes travel expenses (2020: $18,257,000) which was presented as a separate line item in the prior year.
2.The ATO has one short-term lease commitment as at 30 June 2021.
The above lease disclosures should be read in conjunction with the accompanying notes 1C, 2B, 4A and 6A.
2021 | 2020 | ||
$'000 | $'000 | ||
Note 1C: Finance costs | |||
Interest on lease liabilities | 12,018 | 13,677 | |
Unwinding of discount | 108 | 11 | |
Total finance costs | 12,126 | 13,688 |
The above lease disclosures should be read in conjunction with the accompanying notes 1B, 2B, 4A and 6A.
Accounting policy
All finance charges are expensed as incurred.
Note 1D: Impairment loss on financial instruments | |||
Impairment gain on financial instruments | (948) | (1,869) | |
Total impairment gain on financial instruments | (948) | (1,869) |
Note 1E: Write-down and impairment of other assets | |||
Impairment and write-offs of non-financial assets | |||
Plant and equipment | 127 | 147 | |
Intangibles | 69 | 2,550 | |
Other | - | 2,056 | |
Total write-down and impairment of other assets | 196 | 4,753 |
Note 1F: Other expenses | |||
Compensation | 291 | 608 | |
Act of grace payments | - | 2 | |
Losses from asset sales | 46 | 3 | |
Total other expenses | 337 | 613 |
Visit
https://www.transparency.gov.au/annual-reports/australian-taxation-office/reporting-year/2020-21-23