Wages and salaries
Defined contribution plans
Defined benefit plans
Leave and other entitlements
Separation and redundancies
Other Employee Expenses
Total employee benefits
Accounting policies for employee related expenses is contained in the People and Relationships section.
Goods and services supplied or rendered
Services from the Department of Infrastructure, Transport, Regional Development and Communications
Training and conferences
Publications and printing
Total goods and services supplied or rendered
Total goods and services supplied or rendered
Workers compensation expenses
Total other suppliers
1. The ATSB has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117
The ATSB does not have any short-term or low-value lease commitments as at 30 June 2020.
The above lease disclosures should be read in conjunction with the accompanying notes 1.1C, 1.2C, 2.2 and 3.2.
Short-term leases and leases of low-value assets
The ATSB has elected not to recognise right-of-use assets and lease liabilities for short-term leases of assets that have a lease term of 12 months or less and leases of low-value assets (less than $10,000). The ATSB recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
1.1C: Finance costs
Interest on lease liabilities
Total finance costs
1. The ATSB has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.
The above lease disclosures should be read in conjunction with the accompanying notes 1.1B, 1.2C, 2.2 and 3.2.
All borrowing costs are expensed as incurred.
1.1D: Write-down and impairment of other assets
Impairment of property, plant and equipment
Impairment of non-current assets held for sale
Total write-down and impairment of other assets
1.2 Own-Source Revenue and gains
1.2A: Revenue from contracts with customers
Rendering of services
Total revenue from contracts with customers
Revenue from the sale of goods is recognised when control has been transferred to the buyer.
The ATSB has recognised AASB15 and AASB 1058 with an initial application date of 1 July 2019, using the modified retrospective option, where comparatives for 2019 have not been restated.
AASB 15 has been applied to all new and uncompleted contracts from the date of initial application.
The following is a description of principal activities from which the ATSB generates its revenue:
● Government appropriations
● International programmes of work
● Cost recovery rail investigations
ATSB's revenue in relation to its international programmes and cost recovery activities are agreement based and within scope for AASB 15. There are separate agreements, with separate terms, based on performance over time obligations and point in time obligations.
The transaction price is the total amount of consideration to which the ATSB expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both.
Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed at end of the reporting period. Allowances are made when collectability of the debt is no longer probable.
1.2B: Other revenue
Resources received free of charge
Remuneration of auditors1
Total other revenue
1. The ANAO does not provide any other services other than an audit of the Financial Statements.
Resources Received Free of Charge
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.
1.2C: Other gains
Total other gains
Sale of Assets
Gains from disposal of assets are recognised when control of the asset has passed to the buyer.
1.2D: Revenue from government
Total revenue from Government
Revenue from Government
Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the ATSB gains control of the appropriation, except for certain amounts relating to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts.