1.1 Expenses
1.1A: Employee Benefits
| 2017 $'000 |
2016 $;000 |
|
|---|---|---|
| Wages and salaries | 1,316 | 1,151 |
| Superannuation: | ||
| Defined contribution plans | 141 | 132 |
| Defined benefit plans | 92 | 64 |
| Leave and other entitlements | 178 | 135 |
| Total employee benefits | 1,727 | 1,482 |
Accounting Policy
Accounting policies for employee related expenses is contained in the People and relationships section.
1.1B: Suppliers
| 2017 $'000 |
2016 $;000 |
|
|---|---|---|
| Goods and services supplied or rendered | ||
| Contractors | 221 | 151 |
| Consultants | 1,611 | 578 |
| Conferences | 335 | 286 |
| Travel | 230 | 187 |
| Marketing | 123 | 139 |
| Services provided free of charge | 73 | 73 |
| Shared Services Centre charges | 241 | 461 |
| Other | 140 | 113 |
| Total goods and services supplied or rendered | 2,974 | 1,988 |
| Goods supplied | 162 | 65 |
| Services rendered | 140 | 113 |
| Total goods and services supplied or rendered | 2,974 | 1,988 |
|
Other suppliers |
||
| Operating lease rentals - minimum lease payments | 272 | 136 |
| Workers compensation expenses | 15 | 16 |
| Total other supplier expenses | 287 | 152 |
| Total suppliers | 3,261 | 2,140 |
Leasing commitments
Asbestos Safety and Eradication Agency in its capacity as lessee of part Level 10, 255 Elizabeth Street, Sydney has entered into a 5 year Sub-lease arrangement ending 31 December 2020 with no option to extend. Lease payments are subject to an increase of 3.75% per annum as per the Memorandum of Understanding (MOU) sub-lease agreement.
Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:
| 2017 $'000 |
2016 $;000 |
|
|---|---|---|
| Within 1 year | 254 | 245 |
| Between 1 to 5 years | 678 | 932 |
| More than 5 years | - | - |
| Total operating lease commitments | 932 | 1,176 |
Accounting Policy
Where an asset is acquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower, the present value of minimum lease payments at the inception of the contract and a liability is recognised at the same time and for the same amount.
The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense.
Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets.
1.2 Own-Source Revenue and gains
1.2A Sale of Goods and Rendering of Services
| 2017 $'000 |
2016 $'000 |
|
|---|---|---|
| Own-Source Revenue | ||
| Rendering of services | 225 | 240 |
| Total sale of goods and rendering of services | 225 | 240 |
Accounting Policy
Revenue from the rendering of services is recognised by:
Reference to the stage of completion of contracts at the reporting date . the revenue is recognised when:
- the amount of revenue, stage of completion and transactions costs incurred can be reliably measured; and
- the probable economic benefits associated with the transaction will flow to the entity. The stage of completion of contracts at the reporting date is determined by reference to services performed to date as a percentage of total services to be performed.
Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed at end of the reporting period. Allowances are made when collectability of the debt is no longer probable.
1.2B Other Revenue
| 2017 $'000 |
2016 $;000 |
|
|---|---|---|
| Resources received free of charge | ||
| External audit fee ANAO | 73 | 73 |
| Total other revenue | 73 | 73 |
Accounting Policy
Resources Received Free of Charge Resources received free of charge are recognised as revenue when, and only when, a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature. Contributions of assets at no cost of acquisition or for nominal consideration are recognised as gains at their fair value when the asset qualifies for recognition, unless received from another Government entity as a consequence of a restructuring of administrative arrangements.
1.2C Revenue from Government
| 2017 $'000 |
2016 $;000 |
|
|---|---|---|
| Appropriations | ||
| Departmental appropriations | 4,603 | 3,264 |
| Total revenue from Government | 4,603 | 3,264 |
Accounting Policy
Revenue from Government Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the entity gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts. Funding received or receivable from non-corporate Commonwealth entities (appropriated to the non-corporate Commonwealth entity as a corporate Commonwealth entity payment item for payment to this entity) is recognised as Revenue from Government by the corporate Commonwealth entity unless the funding is in the nature of an equity injection or a loan.
