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Note 8: Liabilities

Consolidated

2020

2019

$

$

Note 8A: Trade and other payables

Trade payables

205,584

129,467

Goods and services tax payable

346,180

332,311

Accrued expenses

363,064

314,863

Payroll

-

1,807

Audit fees

51,000

48,100

Fringe benefit and payroll taxes

84,119

87,951

Other liabilities

54,927

91,435

Total trade and other payables

1,104,874

1,005,934

Trade and other payables expected to be settled

No more than 12 months

1,104,874

1,005,934

Total trade and other payables

1,104,874

1,005,934

The average credit period on purchases of goods is 1 month. No interest is charged on the trade payables for outstanding balances. The Group has financial risk management policies in place to ensure that all payables are paid within the pre-agreed credit terms.

Note 8B: Deferred revenue - Government grant

Unexpended grants - Parent entity

Indigenous Business Australia - Northern Territory Emergency Relief Funding (NTER)

924,900

480,762

Department of Social Services Food Grant

2,210,674

3,210,674

Unexpended grants - Other

Governance and training grant funding

4,620,703

5,277,137

Total grants

7,756,277

8,968,573

Grants expected to be settled

No more than 12 months

7,756,277

8,968,573

Total grants

7,756,277

8,968,573

Note 8C: Lease liabilties

Operating leases 1

1,155,313

-

Total lease liabilities

1,155,313

-

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. Total cash outflow for leases for the year ended 30 June 2020 was $219,574

Maturity analysis - contractual undiscounted cash flows

Within 1 year

146,016

-

Between 1 to 5 years

695,399

-

More than 5 years

313,898

-

Total leases

1,155,313

-

The Group in its capacity as lessee held a lease agreement for the office located in Darwin which was entered into on 1 January 2015, with monthly lease payments increasing annually in line with CPI. The contract had a renewal option for a further 6 years on 1 January 2020 which management has determined that the Group was likely to exercise. The incremental borrowing rate of 6.87% was used to discount the present value of the lease payments that are not paid at the commenced date as the rate implicit in the lease cannot be readily determined.

Note 8D: Employee provisions

Employee benefit

1,636,214

1,372,967

Total provisions

1,636,214

1,372,967

Employee provisions expected to be settled

No more than 12 months

1,228,210

1,005,521

More than 12 months

408,004

367,446

Total provisions

1,636,214

1,372,967