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Financial Position

Financial Assets

Financial Position

for the period ended 30 June 2019

2019

2018

$'000

$'000

NOTE 2.1 FINANCIAL ASSETS

2.1A Cash

Cash at bank

5,275

5,118

Total cash

5,275

5,118

Cash is held on deposit and is available at call

2.1B Other Receivables

Goods and services tax

33

40

Total other receivables

33

40

Non-Financial Assets

NOTE 2.2 NON-FINANCIAL ASSETS

2.2A Other non-financial assets

Prepayments

23

10

Total other non-financial assets

23

10

Payables

NOTE 2.3 PAYABLES

2.3A Suppliers

Trade creditors and accruals

2,668

2,249

Total suppliers

2,668

2,249

Suppliers payables are recognised at cost to the extent that goods and services have been received irrespective of having been invoiced. Credit terms for goods and services is usually within 30 Days.

2.3B Other Payables

Salaries and wages

44

33

Superannuation

3

3

Total other payables

47

36

The liability for salaries and wages and superannuation recognised represents outstanding amounts for the final fortnight of the financial year.