Royal Botanic Gardens Victoria Annual Report 2018-19

3. THE COST OF DELIVERING SERVICES
Other operating expenses generally represent the day-to-day running costs incurred in normal operations.
Supplies and services are recognised as an expense in the reporting period in which they are incurred.
Operating rental expenses payments are recognised on a straight line basis over the lease term, except where another systematic basis
is more representative of the time pattern of the benefits derived from the use of the leased asset.
Cost of goods sold: When inventories are sold, the carrying amount of those inventories are recognised as an expense in the period in
which the related income is recognised. The amount of any write down of inventories to net realisable value and all losses of inventories
are recognised as an expense in the period the write down or loss occurs.
The amount of any reversal of any write down of inventories, arising from an increase in net realisable value, is recognised as a
reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Comparative amounts
Consistent with the requirements of AASB 101 Definition and Recognition of the Elements of Financial Statements , the value of
volunteer services received free of charge is recognised as other operating expenses in the Comprehensive Operating Statement.
Accordingly, the prior year comparative for other operating expenses and employee benefits expenses has been increased and
decreased by $699,414 respectively.
ROYAL BOTANIC GARDENS BOARD VICTORIA — ANNUAL REPORT 2018–19 91
Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 14