Financial Position
Financial Assets
|
Financial Position |
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|---|---|---|---|
|
for the period ended 30 June 2019 |
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|
2019 |
2018 |
||
|
$'000 |
$'000 |
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|
NOTE 2.1 FINANCIAL ASSETS |
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|
2.1A Cash |
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|
Cash at bank |
5,275 |
5,118 |
|
|
Total cash |
5,275 |
5,118 |
|
|
Cash is held on deposit and is available at call |
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|
2.1B Other Receivables |
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|
Goods and services tax |
33 |
40 |
|
|
Total other receivables |
33 |
40 |
|
Non-Financial Assets
|
NOTE 2.2 NON-FINANCIAL ASSETS |
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|---|---|---|---|
|
2.2A Other non-financial assets |
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|
Prepayments |
23 |
10 |
|
|
Total other non-financial assets |
23 |
10 |
|
Payables
|
NOTE 2.3 PAYABLES |
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|---|---|---|---|
|
2.3A Suppliers |
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|
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. |
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|
2.3B Other Payables |
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|
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. |
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Visit
https://www.transparency.gov.au/annual-reports/northern-australia-infrastructure-facility/reporting-year/2018-2019-54