Note 3: Expenses

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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