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 2020

2.3: Payables

2020

2019

$

$

2.3A: Suppliers

Trade creditors and accruals

301,453

236,736

Total suppliers

301,453

236,736

All supplier payables are expected to be settled within 12 months. Settlement is usually made within

30 days.

2.3B: Other Payables

Wages and salaries

114,676

66,657

Superannuation

39,008

33,000

Rent received in advance (Park)

78,438

77,356

Grants income in advance - Australian Government Entities

3,510,421

72,585

Total other payables

3,742,543

249,598