Go to top of page

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.