Appendixes
Appendix 1: Financial statements
Note 5–Operating Expenses
Note 5A–Employee expenses
|
2004–2005 $ |
2003–2004 $ |
| Employee benefits expense: |
|
|
| Wages and Salaries |
1,454,227 |
1,651,735 |
| Superannuation |
290,661 |
337,071 |
| Leave and other entitlements |
207,037 |
295,468 |
| Separation and redundancies |
392,848 |
- |
| Other employee expenses |
343,635 |
80,721 |
| Total Employee benefits expense |
2,688,408 |
2,364,995 |
| Worker compensation premiums |
22,078 |
17,645 |
| Total Employee expenses |
2,710,486 |
2,382,640 |
Note 5B–Suppliers expenses
|
2004–2005 $ |
2003–2004 $ |
| Goods from related entities |
- |
10,222 |
| Goods from external entities |
265,315 |
90,133 |
| Services from related entities |
539,448 |
1,251,014 |
| Services from external entities * |
3,062,985 |
2,777,449 |
| Operating lease rentals 1 |
286,240 |
236,577 |
| Total Suppliers expenses |
4,153,988 |
4,365,395 |
1 These comprise minimum lease payments only.
* During 2003-2004 an amount of $1,606 remained in a clearing account as at 30 June 2004. An erronous journal was posted overstating suppliers expenses and GST receivable by $1,460 and $146 respectively and cash was understated by $1,606. Consequently, the comparative figures for cash, GST receivables and supplier expenses have been adjusted to reflect the correct balances.
Note 5C–Depreciation and amortisation
|
2004–2005 $ |
2003–2004 $ |
| Depreciation: |
|
|
| Leasehold improvements |
90,115 |
32,503 |
| Infrastructure, plant and equipment |
81,202 |
76,541 |
| Total Depreciation |
171,317 |
109,044 |
| Amortisation: |
|
|
| Intangibles – computer software |
90,548 |
71,594 |
| Total Amortisation |
90,548 |
71,594 |
| The aggregate amounts of depreciation or amortisation expensed during the reporting period for each class of depreciable asset are as follows: |
| Leasehold improvements |
90,115 |
32,503 |
| Infrastructure, plant and equipment |
81,202 |
76,541 |
| Intangibles – computer software |
90,548 |
71,594 |
| Total Depreciation and amortisation |
261,865 |
180,638 |
No depreciation or amortisation was allocated to the carrying amounts of other assets.
Note 5D–Write-down of assets
|
2004–2005 $ |
2003–2004 $ |
| Non-financial assets: |
|
|
| Leasehold improvements – revaluation decrement |
- |
59,606 |
| Infrastructure, plant & equipment – revaluation decrement |
33,714 |
22,013 |
| Total Write-down of non-financial assets |
33,714 |
81,619 |
| Total Write-down of assets |
33,714 |
81,619 |