Note 1.1: Expenses
2020 | 2019 | |
$’000 | $’000 | |
Note 1.1A - Employee benefits | ||
Wages and salaries | 26,431 | 26,197 |
Superannuation: | ||
Defined contribution plans | 2,367 | 2,404 |
Defined benefit plans | 3,050 | 3,162 |
Leave and other entitlements | 3,585 | 4,189 |
Separation and redundancies | 397 | 87 |
Other employee benefits | 230 | 217 |
Total employee benefits | 36,060 | 36,256 |
Accounting Policy
Accounting policy for employee related expenses is contained in the People and Relationships section.
2020 | 2019 | |
$’000 | $’000 | |
Note 1.1B - Suppliers | ||
Goods and services supplied or rendered | ||
Access to external databases and records | 412 | 387 |
Building services | 4,764 | 3,613 |
Collection preservation | 88 | 127 |
Communications | 270 | 106 |
Computer services and supplies | 1,908 | 1,887 |
Contractors and consultants | 5,371 | 5,071 |
Cost of goods sold | 957 | 1,398 |
Freight and postage | 352 | 639 |
Insurance | 385 | 362 |
Magazine and newspaper subscriptions | 1,800 | 1,929 |
Non asset furniture and equipment | 100 | 111 |
Non asset software | 12 | 15 |
Other | 1,433 | 746 |
Promotion of library services | 529 | 1,475 |
Promotional publications | 42 | 68 |
Stationery, printing and office machine consumables and repairs | 352 | 398 |
Training | 276 | 365 |
Travel and subsistence | 299 | 391 |
Total goods and services supplied or rendered | 19,350 | 19,088 |
Other suppliers | ||
Operating lease rentals1 | - | 848 |
Workers compensation expenses | 267 | 300 |
Short-term leases1 | 766 | - |
Low value leases1 | 29 | - |
Total other suppliers | 1,062 | 1,148 |
Total suppliers | 20,412 | 20,236 |
1. The NLA 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 NLA has short-term lease commitments of $0 as at 30 June 2020 (GST exclusive). However on 8 July 2020 the Library entered into a new 5 year finance lease contract for collection storage from 1 July 2020 with five 1 year optional extension periods, 2020-21 rent per annum of $682,222 to increase by CPI each year, with minimum lease payments totalling $3,411,110 over 5 years excluding GST and CPI increases. This will be accounted for under AASB 16 from 1 July 2020.
The above lease disclosures should be read in conjunction with the accompanying notes 1.1F, 2.2A, 2.4 & 3.2.
Accounting Policy
Short-term leases and leases of low-value assets
The NLA 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 entity recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
2020 | 2019 | |
$’000 | $’000 | |
Note 1.1C - Grants | ||
Private sector: | ||
Non-profit organisations | 345 | 367 |
Individuals | 373 | 39 |
Public sector: | ||
Local Governments | 39 | - |
Total grants | 757 | 406 |
Grants are provided to non-profit organisations that support Australian community organisations to preserve significant documentary heritage collections. Grants to individuals are provided to scholars and writers to work on materials held in the National Collection. | ||
Note 1.1D - Impairment loss allowance on financial assets | ||
Impairment on trade and other receivables | 3 | 38 |
Total impairment on financial instruments | 3 | 38 |
Note 1.1E - Write-down and impairment of assets | ||
Write-down - Inventory | 151 | 136 |
Write-down - Plant and equipment | 44 | 162 |
Write-down - Intangibles | 74 | 240 |
Total write-down and impairment of assets | 269 | 538 |
Note 1.1F - Finance costs | ||
Finance leases1 | 6 | - |
Total finance costs | 6 | - |
1. The NLA 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, 2.2A, 2.4 & 3.2.
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