Note 2.4: Other Provisions
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Note 2.4 - Other Provisions |
||
|
Provision for sales returns |
81 |
81 |
|
Total other provisions |
81 |
81 |
|
Provision for sale returns |
Total |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
As at 1 July 2018 |
81 |
81 |
|
Additional provisions made |
- |
- |
|
Amounts used |
- |
- |
|
Amounts reversed |
- |
- |
|
Total assets as at 30 June 2019 |
81 |
81 |
Accounting Policy
Provision for sales returns
The provision is calculated using the value of sales as at 30 June 2019, where the customer has the right of return and the reporting year's experienced rate of return to estimate the provision of future returns.
Visit
https://www.transparency.gov.au/annual-reports/national-library-australia/reporting-year/2018-2019-43