Go to top of page

Note 2.5: Other Provisions

2020

2019

$’000

$’000

Note 2.5A - Other provisions

Provision for sales returns

81

81

Other provision

238

-

Total other provisions

319

81

Provision for sales returns

Other provision

Total

$’000

$’000

As at 1 July 2019

81

-

81

Additional provisions made

-

238

238

Amounts used

-

-

-

Amounts reversed

-

-

-

Total assets as at 30 June 2020

81

238

319

Accounting Policy
Provision for sales returns
The provision is calculated using the value of sales as at 30 June 2020, where the customer has the right of return and the reporting year's experienced rate of return to estimate the provision of future returns.