TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2015
Note 3: Expenses
|
2015 $'000 |
2014 $'000 |
|
| Note 3A: Employee Benefits | ||
| Wages and salaries | 12,232 | 11,375 |
| Superannuation | ||
| Defined contribution plans | 2,020 | 1,081 |
| Defined benefit plans | 469 | 424 |
| Leave and other entitlements | 1,991 | 1,737 |
| Total employee benefits | 16,712 | 14,617 |
| Note 3B: Suppliers | ||
| Goods and services supplied or rendered | ||
| Consultants and professional fees | 6,314 | 5,998 |
| Travel | 3,158 | 3,106 |
| Repairs and maintenance | 831 | 1,161 |
| Other staff costs | 414 | 783 |
| Office running costs | 1,413 | 1,353 |
| Property costs | 473 | 487 |
| Transport, freight and storage | 647 | 706 |
| Media, advertising and public relations | 319 | 363 |
| Other | 3,529 | 1,450 |
| Total goods and services supplied or rendered | 17,098 | 15,407 |
| Goods supplied in connection with | ||
| External Parties | 342 | 324 |
| Total goods supplied | 342 | 324 |
| Services rendered in connection with | ||
| External Parties | 16,756 | 15,083 |
| Total services rendered | 16,756 | 15,083 |
| Total goods and services supplied or rendered | 17,098 | 15,407 |
| Other supplier expenses | ||
| Operating lease rentals in connection with | ||
| External Parties | ||
| Minimum lease payments | 1,139 | 1,100 |
| Workers compensation expenses | 120 | 1 |
| Total other suppliers | 1,259 | 1,101 |
| Total suppliers | 18,357 | 16,507 |
TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2015
|
2015 $'000 |
2014 $'000 |
|
| Note 3C: Grants | ||
| Public sector: | ||
| Australian Government entities (related parties) | 3,181 | 440 |
| State and Territory Governments | 516 | - |
| Local Governments | 13,214 | 16,675 |
| Private sector: | ||
| Non-profit organisations | 4,959 | 8,080 |
| For-profit organisations | 7,480 | 6,565 |
| Total grants | 29,350 | 31,760 |
| Note 3D: Depreciation | ||
| Depreciation: | ||
| Buildings | 808 | 743 |
| Plant and equipment | 517 | 507 |
| Total depreciation | 1,325 | 1,250 |
| Note 3E: Finance Costs | ||
| Finance costs | ||
| Write down of loans to net present value | 91 | 135 |
| Total finance costs | 91 | 135 |
| Finance costs are comprised of amortisation charges for new loan advances and amortisation charges as a result of revaluations to the total concessional loan portfolio using current market interest rates. | ||
| Note 3F: Write-Down and Impairment of Assets | ||
| Asset writedowns and impairments from: | ||
| Receivables goods and services - external parties provided for as impaired | - | 1 |
| Total write-down and impairment of assets | - | 1 |
| Note 3G: Loss on disposal of non-financial assets | ||
| Carrying value of assets disposed | 70 | - |
| Total loss on disposal of non-financial assets | 70 | - |