Annual Report 2014–15


Liabilities Note 25: Trade and other payables



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Liabilities

Note 25: Trade and other payables

Item


Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Current

N/A

N/A

N/A

N/A

Trade creditors general

17,952

23,893

11,215

13,077

Accrued expenses

53,696

62,684

39,965

46,740

Income in advance

5,527

3,263

2,128


1,248

Total

77,175

89,840

53,308

61,065

Trade creditors are unsecured, not subject to interest charges and are normally settled within 30 days from the date of invoice.

Note 26: Trust funds and deposits


Item

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Current

N/A

N/A

N/A

N/A


Refundable deposits

4,545

3,424

2,726

1,654

Fire services levy

2,639

2,624

2,639

2,624

Retention amount

560

440

560

440

Other refundable deposits

782

569

186

183

Total

8,526

7,057

6,111

4,901


Refundable deposits - Deposits are taken by Council as a form of surety in a number of circumstances, including in relation to building works, tender deposits, contract deposits and the use of civic facilities.

Fire Service Levy - Council is the collection agent for fire services levy on behalf of the State Government. Council remits amounts received on a quarterly basis. Amounts disclosed here will be remitted to the state government in line with that process.

Retention Amounts - Council has a contractual right to retain certain amounts until a contractor has met certain requirements or a related warrant or defect period has elapsed. Subject to the satisfactory completion of the contractual obligations, or the elapsing of time, these amounts will be paid to the relevant contractor in line with Council's contractual obligations.

Note 27: Provisions


Item

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Current provisions


N/A

N/A

N/A

N/A

Employee provisions

42,388

42,230

28,606

29,358

Other provisions

1,962

2,283

1,663

1,991

Total current provisions

44,350

44,513

30,269

31,349

Non-current provisions

N/A

N/A

N/A

N/A

Employee provisions

4,849

5,551

2,900


3,042

Other provisions

0

0

0

0

Total Non-current provisions

4,849

5,551

2,900

3,042

Total provisions

49,199

50,064

33,169

34,391
  1. Employee provisions


Item

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

(a) Current provisions expected to be wholly settled within 12 months

N/A

N/A

N/A

N/A

Annual leave

14,002

13,542

9,657

9,485

Long service leave

2,536

1,837

1,476

1,328

Redundancy provision

0

2,359

0

2,359

Subtotal

16,538

17,738

11,133


13,172

(b) Current provisions expected to be wholly settled after 12 months

N/A

N/A

N/A

N/A

Annual leave

1,857

2,174

21

200

Long service leave

23,993

22,318

17,452

15,986

Subtotal

25,850

24,492

17,473

16,186

Total current provisions

42,388

42,230

28,606

29,358


(c) Non-Current

N/A

N/A

N/A

N/A

Long service leave

4,849

5,551

2,900

3,042

Total non-current provisions

4,849

5,551

2,900

3,042

Aggregate carrying amount of employee provisions

N/A

N/A

N/A

N/A

Current

42 388

42,230

28 606

29 358

Non-current

4 849


5,551

2 900

3 042

Total aggregate carrying amount
of employee provisions


47 237

47,781

31 506

32 400

Assumptions adopted in measuring the present value of employee benefits


Item

Consolidated

2015


Consolidated

2014


Council

2015


Council

2014


Weighted average increase in employee costs

3.35%

3.54%

2.90%

3.20%


Weighted average discount rates

2.10%

2.71%

2.06%

2.67%

Weighted average settlement period (months)

42

42

43

44
  1. Other provisions


Item

Consolidated

2015


$'000

Consolidated

2,014


$'000

Council

2015


$'000

Council

2014


$'000

(a) Current

0

0

0

0

Insurance claims

413


741

413

741

Other

1,549

1,542

1,250

1,250

Subtotal

1,962

2,283

1,663

1,991

(b) Reconciliation of movements

N/A

N/A

N/A

N/A

Insurance claims

N/A

N/A

N/A

N/A

Balance at the beginning of financial year

741

518

741


518

Additional provisions

82

529

82

529

Amounts used

(410)

(306)

(410)

(306)

Balance at the end of the financial year

413

741

413

741

Other (includes provision for rate objection and payroll tax)

N/A

N/A

N/A

N/A

Balance at the beginning of financial year

1,542

308

1,250


0

Additional provisions

7

1,250

0

1,250

Amounts used

0

(16)

0

0

Balance at the end of the financial year

1,549

1,542

1,250

1,250


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