1.1 Expenses
|
2019 $ |
2018 $ |
|
|---|---|---|
|
Wages and salaries |
165,743 |
167,650 |
|
Superannuation |
37,488 |
33,681 |
|
Leave and other entitlements |
7,039 |
13,187 |
|
Total employee benefits |
210,270 |
214,518 |
|
Accounting Policy Accounting policies for employee related expenses is contained in the People and relationships section. |
|---|
|
Goods and services supplied or rendered |
||
|
Audit Fees |
34,540 |
8,833 |
|
Insurances |
3,974 |
4,006 |
|
Miscellaneous Expenses |
3,314 |
2,718 |
|
Direct Debit Administration Fees |
12,688 |
12,046 |
|
Group Life Insurance Underwriting |
158,679 |
158,545 |
|
Web-Site and Software Fees |
1,650 |
1,670 |
|
Debt Collection Fees |
- |
293 |
|
Total goods and services supplied or rendered |
214,845 |
188,111 |
|
Total suppliers |
214,845 |
188,111 |
|
General and Disaster Relief Grants |
52,100 |
10,185 |
|
Base Welfare Grants Scheme |
145,824 |
127,437 |
|
Total grants |
197,924 |
137,622 |
|
1.1D: Impairment Loss Allowance on Financial Instruments |
||
|---|---|---|
|
Impairment on loans |
(20,468) |
24,612 |
|
Total impairment on financial instruments |
(20,468) |
24,612 |
|
Loss from initial recognition of loans and receivables at fair value (refer Note 6.3) |
1,070,498 |
1,054,618 |
|
Total losses from loan re-measurement |
1,070,498 |
1,054,618 |
|
Amortisation |
||
|
Intangibles – Database |
1,485 |
1,485 |
|
Total write-down and impairment of other assets |
1,485 |
1,485 |
Accounting Policy
Competitive Neutrality
The RWTF was established to provide benefits to eligible persons and does not carry out Government business activities on a commercial basis nor operate in a competitive, or potentially competitive, environment. Therefore it is not required to make Australian Income Tax Equivalent payments to the Government.
Visit
https://www.transparency.gov.au/annual-reports/royal-australian-air-force-welfare-trust-fund/reporting-year/2018-2019-57