Annual Report 2005-2006 - Forensicare

Financial Statements for the year ended 30 June 2006
Notes To and Forming Part of the Financial Statements for the year Ended 30 June 2006
Note 2006 2005
$’000 $’000
Note 10
Payables
Current
Trade Creditors 1,458 1,636
GST Payable 207 196
Accrued Expenses 834 818
Total Payables 2,499 2,650
Note 11(a)
Provisions / Employee Benefits
Current
Long Service Leave (LSL)
11 (b)
- Short-term benefits at nominal value 196 167
- Long-term benefits at present value 1,561 1,301
Annual Leave
11 (b)
- Short-term benefits at nominal value 869 742
- Long-term benefits at present value 561 505
Sick Leave 73 64
Total Current 3,260 2,779
Non Current
Long Service Leave 11 (b) 481 470
Total Non-current 481 470
Total Provisions 3,741 3,249
Movement in Long Service Leave
Balance at start of year 1,938 1,588
Provision made during the year 470 571
Settlement made during the year (170) (221)
Balance at End of Year 2,238 1,938
Note 11(b)
Employee Entitlements
Current
All annual leave and LSL entitlements representing 7+ years
of continuous service:
• Short-term employee benefits that fall due
within 12 months after the end of the period
measured at nominal value. 1,065 909
• Other long-term employee benefits that do not
fall due within 12 months after the end of the
period measured at present value. 2,122 1,806
3,187 2,715
Non-current
LSL represented less than 7 years of continuous services
measured at present value. 481 470
Note 12
Other Liabilities
Prepaid Revenue 473 -
Total Other Revenue 473 -
87