Royal Botanic Gardens Victoria Annual Report 2018-19

5. OTHER ASSETS AND LIABILITIES
Other payables balances include security deposits and unearned income for which the timing and amount payable varies according to
the terms of agreement.
The maturity analysis for the Board's contractual payables is as follows:
Carrying Nominal
Maturity dates
2019 amount (a) amount (b)
Less than 1 1- 3 months 3 months - 1 1 - 5 years
month
year
$ $ $ $ $ $
More than 5
years
$
Supplies and services 1,236,144 1,236,144 1,232,958 3,186 - - -
Other payables 104,010 104,010 104,010 - - - -
Total 1,340,154 1,340,154 1,336,968 3,186 - - -
Carrying Nominal
2018 amount (a) amount (b)
Less than 1
month
Maturity dates
1- 3 months 3 months - 1
year
1 - 5 years
$ $ $ $ $ $
More than 5
years
$
Supplies and services 1,643,741 1,643,741 1,598,818 44,923 - - -
Other payables 85,312 85,312 85,312 - - - -
Total 1,729,053 1,729,053 1,684,130 44,923 - - -
Notes:
(a)
(b)
The carrying amounts disclosed exclude statutory amounts (eg GST payable).
Maturity analysis is presented using the contractual undiscounted cash flows (ie nominal amount).
5.3 Inventories
2019
$
Inventories held-for-sale at cost 152,109
Total inventories (a) 152,109
2018
$
262,748
262,748
Note (a): Inventory balances held at reporting date are classified as current.
Inventories include goods held-for-sale in the ordinary course of business operations and are measured at the lower of cost and net
realisable value.
The cost of inventory is measured on the basis of weighted average cost. Where inventories are acquired for no cost or nominal
consideration, they are measured at current replacement cost at the date of acquisition.
5.4 Prepayments
Prepayments represent payments made in advance of receipt of goods or services or that part of expenditure made in one accounting
period covering a term extending beyond that period.
ROYAL BOTANIC GARDENS BOARD VICTORIA — ANNUAL REPORT 2018–19 95
Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 18