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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.