Notes to the financial statements - 3.3 Payables
|
3.3 Payables |
||
|
2019 |
2018 |
|
|
$’000 |
$’000 |
|
|
3.3A: Suppliers |
||
|
Trade creditors |
185 |
380 |
|
Accruals |
8,323 |
10,825 |
|
Operating lease rentals |
29,502 |
26,164 |
|
Total suppliers |
38,010 |
37,369 |
|
Supplier payables are settled within 30 days (2018: 30 days). |
||
|
3.3B: Other payables |
||
|
Salaries and wages |
920 |
816 |
|
Superannuation |
81 |
82 |
|
Separations and redundancies |
1,151 |
255 |
|
Lease incentive |
13,717 |
14,779 |
|
Prepayments received/unearned income |
28,269 |
22,748 |
|
Other |
207 |
319 |
|
Total other payables |
44,345 |
38,999 |
|
Total payables |
82,355 |
76,368 |
|
Accounting Policy Prepayments received/unearned income Unearned income represents receipts for goods or services that are not recognised as revenue at reporting date. Lease incentive Operating lease incentives are recognised as an integral part of the net consideration agreed for the use of the leased asset and the rental reduction is recognised over the lease term on a straight-line basis. Lease incentives in other payables represent lease incentives received but not recognised at reporting date. |
||
Visit
https://www.transparency.gov.au/annual-reports/geoscience-australia/reporting-year/2018-2019-54