Note 2.3: Payables
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Note 2.3A - Suppliers |
||
|
Trade creditors and accruals |
1,978 |
3,203 |
|
Total suppliers |
1,978 |
3,203 |
All supplier payables are current and settlement is usually made net 30 days.
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Note 2.3B - Grants |
||
|
Private sector - individuals |
- |
60 |
|
Total other financial assets |
- |
60 |
All grants payables are current. The grant liability is recognised because grant recipients have met the conditions of the grants, but are yet to be paid.
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Note 2.3C - Other payables |
||
|
Salaries and wages |
228 |
270 |
|
Superannuation |
41 |
131 |
|
Separations and redundancies |
76 |
114 |
|
Prepayments received / unearned income |
417 |
221 |
|
Total other payables |
763 |
736 |
Accounting Policy
Supplier and other payables
Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that goods or services have been received and irrespective of having been invoiced. Supplier and other payables are derecognised on payment.
Visit
https://www.transparency.gov.au/annual-reports/national-library-australia/reporting-year/2018-2019-42