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Notes to the Financial Statements: Note 1.1

For the financial year 2018-2019:

Wreck Bay Aboriginal Community Council

ABN: 62 564 797 956

Notes to and forming part of the financial statements

for the period ended 30 June 2019

FINANCIAL PERFORMANCE

This section analyses the financial performance of the Council for the year ended 2019.

1.1: Expenses

2019

2018

$

$

1.1A: Employee Benefits

Wages and salaries

1,796,809

1,686,733

Superannuation

- Defined contribution plans

193,130

200,366

Leave and other entitlements

276,752

185,227

0.000000000225

Director's fees

103,946

137,682

Total employee benefits

2,370,637

2,210,008

Accounting Policy

Accounting policies for employee related expenses is contained in the People and relationships

section.

1.1B: Suppliers

Goods and services supplied or rendered

Equipment hire

122,223

102,574

Contractors

310,026

234,217

Materials & supplies

184,940

205,635

Total goods and services supplied or rendered

617,189

542,426

Goods supplied

307,163

308,209

Services rendered

310,026

234,217

Total goods and services supplied or rendered

617,189

542,426

0.00

Other suppliers

Workers compensation expenses

61,610

84,114

Total other suppliers

61,610

84,114

Total suppliers

678,799

626,540

1.1C: Occupancy Expenses

Repairs & maintenance

18,621

7,393

Water rates

23,808

35,280

Other

31,205

46,869

Total occupancy expenses

73,634

89,542

0.00

1.1D: Community Grants

Other grants and activities

78,738

93,256

Total community grants

78,738

93,256

0.00

1.1E: Impairment Loss Allowance on Financial Instruments

Impairment on trade and other receivables

5,424

5,247

Total finance costs

5,424

5,247

2019

2018

$

$

1.1F: Write-Down and Impairment of Assets

Impairment of property, plant & equipment

-

553

Total write-down and impairment of assets

-

553

1.1G: Other Expenses

Accountancy fees

180,940

155,381

Annual report printing

14,326

15,733

Audit fees

44,000

32,000

Bank charges

590

730

Board costs

4,125

7,225

Computer costs

2,059

16,536

Consultancy fees

9,000

7,956

Conference & travel expenses

9,524

12,359

Fines & penalties

2,333

391

592,298.00

General expenses

20,774

9,559

Insurance

80,727

69,527

Legal costs

75,741

198,632

Minor equipment replacement

367

-

Motor vehicle expenses

102,254

76,980

Office supplies

31,804

37,428

Recruitment costs

-

3,182

Policy development project

-

19,096

Staff amenities

6,688

7,435

Telephone, fax & internet costs

25,764

24,567

Work, health and safety expenses

23,595

8,387

Total other expenses

634,611

703,104

-5,426.53