PSR Annual Report 2008-09

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Appendix 2 Financial statements

Note 4: Expenses

2009 2008
$ $
 
Note 4A: Employee benefits
Wages and salaries 2,237,334 1,593,001
Superannuation
Defined contribution plans 230,685 207,579
Defined benefit plans 132,291 46,868
Leave and other entitlements 116,335 197,180
Other Employee Expenses 11,475 27,525
Total employee benefits 2,728,120 2,072,153
Note 4B: Suppliers
Provision of goods – related entities 106,180 302,417
Provision of goods – external parties 2,980,304 2,433,852
Operating lease rentals - external parties
Minimum lease payments 257,209 258,868
Workers compensation premiums 11,852 4,342
Total supplier expenses 3,355,545 2,999,479
Note 4C: Depreciation and amortisation
Depreciation:
Infrastructure, plant and equipment 114,256 102,840
Buildings - leasehold improvements 99,410 120,730
Total depreciation 213,666 223,570
Intangibles:
Computer Software 51,908 69,423
Total amortisation 51,908 69,423
Total depreciation and amortisation 265,574 292,993
Note 4D: Finance costs
Unwinding of discount 3,719 4,434
Total finance costs 3,719 4,434
Note 4E: Losses from assets sales
Infrastructure, plant and equipment
Proceeds from sale (3,310) -
Carrying value of assets sold 13,984 60
Selling expense - -
Intangibles
Proceeds from sale (2,767) -
Carrying value of assets sold 3,927 -
Selling expense - -
Total losses from assets sales 11,834 60
Note 4F: Other expenses
Bad debts expense 21,943 -
Total other expenses 21,943 -

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