Note 4: Expenses
Consolidated | |||
|---|---|---|---|
2020 | 2019 | ||
Notes | $ | $ | |
Note 4A: Consulting expenditure | |||
Consultancy fees | 97,404 | 115,621 | |
Legal fees | 300,576 | 79,782 | |
Total consulting expenditure | 397,980 | 195,403 | |
Note 4B: Depreciation and amortisation | |||
Amortisation on intangibles | 26,613 | 57,689 | |
Depreciation of property, plant and equipment | 562,354 | 561,231 | |
7A | 588,967 | 618,920 | |
Depreciation on right-of-use assets | 7B | 172,195 | - |
Total depreciation and amortisation | 761,162 | 618,920 | |
Note 4C: Employee benefits expense | |||
Wages and salaries | 11,456,852 | 11,139,340 | |
Travel and other allowances | 106,384 | 124,680 | |
Superannuation contributions - defined contribution plans | 1,008,731 | 981,396 | |
Staff incentive provision | 12,041 | 11,832 | |
Leave and other entitlements | 263,246 | 99,348 | |
Total employee benefit | 12,847,254 | 12,356,596 | |
Note 4D: Rental expenses | |||
Operating lease rentals 1 | 22,080 | 249,303 | |
Total rental expenses | 22,080 | 249,303 | |
1 - The Group 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. | |||
Consolidated | ||
|---|---|---|
2020 | 2019 | |
$ | $ | |
Note 4E: Store grant expenditure (underpinning) | ||
Barunga - Barunga Community Store Indigenous Corporation | - | 101,515 |
Bardi Ardyaloon Store | 60,000 | 15,793 |
Beagle Bay - Ngarlan Store Indigenous Corporation | - | 73,738 |
Jigalong - Jigalong Community Unit Trust | 32,032 | 243,749 |
Canteen Creek - Canteen Creek Store Charitable Trust | 13,980 | - |
Engawala - Ntjaminya General Store Aboriginal Corporation | 34,407 | 72,258 |
Epenarra - Wetengerr Aboriginal Corporation | 108,411 | 74,668 |
lmanpa - lmanpa General Store Anangu Aboriginal Corporation | 98,372 | 222,779 |
Jilkminggan - Dungalan Aboriginal Corporation | 2,116 | 266,035 |
Lagulalya - Lagulalya Aboriginal Corporation | 150,378 | 88,625 |
Mulan - Pinanyi Store Aboriginal Corporation | 213,337 | 235,692 |
Nyirripi Community Store | 14,936 | 64,004 |
Oak Valley - Oak Valley (Maralinga) Incorporated | 50,000 | 50,000 |
Pigeon Hole - Nitjpurru Aboriginal Corporation | 294 | 195,785 |
Ringer Soak - Kundat Djaru Community Store Aboriginal Corporation | 71,876 | 289,281 |
Titjikala - Titjikala Community Store Aboriginal Corporation | 89,780 | 160,606 |
Ti Tree - Anmatjere Community Store Aboriginal Corporation | 87,289 | 218,568 |
Timber Creek - Wirib Pty Ltd T/as Wirib Store and Tourism Park | 45,000 | 106,177 |
Tjuntjuntjara Community Store | 25,899 | 88,325 |
Yiyili - Yiyili Store Indigenous Corporation | 51,339 | 141,684 |
Urapunga Community Store | 7,006 | - |
Total store grant expenditure (underpinning) | 1,156,452 | 2,709,282 |
Store grants represent non-recoverable cash advances and other underpinning to assist unviable remote community stores. | ||
Consolidated | ||
|---|---|---|
2020 | 2019 | |
$ | $ | |
Note 4F: Administrative expenditure | ||
Travel and accommodation | 340,257 | 446,578 |
Bad debts | 940 | 6,327 |
Information technology | 290,451 | 268,168 |
Recruitment costs | 29,308 | 24,145 |
Insurance | 398,692 | 511,642 |
Accountancy fees | 43,013 | 40,845 |
Audit fees | 51,000 | 48,100 |
Management fees | 50,694 | - |
Motor vehicle | 242,465 | 244,584 |
Fringe benefit and payroll tax | 721,835 | 782,367 |
Training | 147,231 | 188,028 |
Communication | 60,931 | 82,771 |
Change in fair value of Bardi Ardyaloon loan | - | 20,658 |
Other expenses | 914,635 | 604,434 |
Total administrative expenditure | 3,291,452 | 3,268,647 |
Consolidated | ||
|---|---|---|
2020 | 2019 | |
$ | $ | |
Note 4G: Other grant expenditure | ||
Expenditure of grants received from Australian Government entities: | ||
Department of Social Services - Food security | 1,650 | 1,600 |
National Indigenous Australians Agency - Nutrition grant | 151,490 | - |
Department of The Prime Minister and Cabinet - Nutrition grant | - | 121,747 |
Total other grant expenditure | 153.140 | 123,347 |
Note 4H: Finance costs | ||
Interest on lease liabilities | 83,426 | - |
Total finance costs | 83,426 | - |
Note 4I: Fair value loss on financial instruments at fair value through profit and loss | 354,973 | - |
Total fair value loss on financial instruments at fair value through profit and loss | 354,973 | - |
Note 4J: Loss on sale of investments | ||
Loss on sale of investments | 1,039 | - |
Total loss on sale of investments | 1,039 | - |
Note 4K: Auditors’ remuneration | ||
Amounts paid or payable in respect of the audit or review of the financial statements of the Group to: | ||
Australian National Audit Office | 51,000 | 48,100 |
RSM Australia Ply Ltd - non audit service | - | 3,200 |
Total auditors’ remuneration | 51,000 | 51,300 |
Visit
https://www.transparency.gov.au/annual-reports/outback-stores-pty-ltd/reporting-year/2019-20-28