YMAC Annual Report 2022

Notes to the Consolidated Financial Statements
as at 30 June 2022
2022 2021
NOTE 6 - EXPENSES $ $
Note 6A Employee Benefits
Wages and Salaries 10,882,937 9,350,702
Superannuation 887,283 806,899
Other employee benefits 125,986 105,465
Total Employee Expenses 11,896,206 10,263,066
Long Service Leave expense 127,462 26,760
Total Employee Benefits 12,023,668 10,289,826
Note 6B Depreciation and Amortisation
Depreciation of property, plant and equipment 614,612 541,086
Amortisation of leased assets 3,453 3,777
Depreciation of right of use assets 618,593 644,811
Total depreciation and amortisation 1,236,658 1,189,674
The aggregate amounts of depreciation or amortization expensed during the reporting period
for each class of depreciable asset are as follow:
Buildings on freehold land 11,177 5,640
Leasehold improvements 3,453 3,777
Plant and equipment 227,750 185,694
Motor Vehicles 375,685 349,752
Right of Use Assets 618,593 644,811
Total depreciation and amortisation 1,236,658 1,189,674
NOTE 7 - FINANCIAL ASSETS
Note 7A Cash and cash equivalents
Cash on hand 920 289
Cash on deposit 8,388,445 9,738,700
Total cash and cash equivalents 8,389,365 9,738,989
Cash at bank earns interest at tiered interest rates determined by the bank. 8,389,365 9,738,989
Yamatji Marlpa Aboriginal Corporation | Annual Report 2022 | 65