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TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2014
Note 3: Expenses
2014 $'000 | 2013 $'000 | |
Note 3A: Employee Benefits | ||
Wages and salaries | 11,375 | 10,999 |
Superannuation | ||
Defined contribution plans | 1,081 | 949 |
Defined benefit plans | 424 | 477 |
Leave and other entitlements | 1,737 | 1,376 |
Total employee benefits | 14,617 | 13,801 |
Note 3B: Suppliers | ||
Goods and services supplied or rendered | ||
Consultants and professional fees | 5,998 | 5,419 |
Travel | 3,106 | 2,607 |
Repairs and maintenance | 1,161 | 859 |
Other staff costs | 783 | 966 |
Office running costs | 1,353 | 1,210 |
Property costs | 487 | 921 |
Transport, freight and storage | 706 | 698 |
Media, advertising and public relations | 363 | 280 |
Other | 1,450 | 2,141 |
Total goods and services supplied or rendered | 15,407 | 15,101 |
Goods supplied in connection with | ||
External Parties | 324 | 576 |
Total goods supplied | 324 | 576 |
Services rendered in connection with | ||
External Parties | 15,083 | 14,525 |
Total services rendered | 15,083 | 14,525 |
Total goods and services supplied or rendered | 15,407 | 15,101 |
Other supplier expenses | ||
Operating lease rentals in connection with | ||
External Parties | ||
Minimum lease payments | 1,100 | 645 |
Workers compensation expenses | 1 | 65 |
Total other suppliers | 1,101 | 710 |
Total suppliers | 16,507 | 15,811 |
TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2014
2014 $'000 | 2013 $'000 | |
Note 3C: Grants | ||
Public sector: | ||
Australian Government entities (related parties) | 440 | 700 |
State and Territory Governments | - | 48 |
Local Governments | 16,675 | 6,654 |
Private sector: | - | - |
Non-profit organisations | 8,080 | 9,489 |
For-profit organisations | 6,565 | - |
Total grants | 31,760 | 16,891 |
Note 3D: Depreciation | ||
Depreciation: | ||
Buildings | 743 | 656 |
Plant and equipment | 507 | 612 |
Total depreciation | 1,250 | 1,268 |
Note 3E: Finance Costs | ||
Finance costs | ||
Write down of loans to net present value | 135 | 132 |
Total finance costs | 135 | 132 |
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 | 77 |
Total write-down and impairment of assets | 1 | 77 |