YMAC Annual Report 2022

Notes to the Consolidated Financial Statements
as at 30 June 2022
NOTE 19 - REMUNERATION OF AUDITORS 2022 2021
The fair value of services provided was: $ $
Audit services 52,764 46,507
NOTE 20 - SUBSIDIARY
Name of subsidiary
Principal Activity
Proportion of ownership
interest and voting power
held by the Corporation
2022 2021
YM Services Level 8, 12-14 The Esplanade, Perth Management 100% 100%
NOTE 21 - AVERAGE STAFFING LEVELS
The average staffing levels for the entity during the year were: 121 114
NOTE 22 - DIRECTORS REMUNERATION
The number of directors of the corporation included in these figures are shown
$ Nil - $ 149,999 13 13
$ 150,000 - $ 224,999 - -
$ 225,000 - $ 239,999 - -
Total number of directors of the Corporation 13 13
Directors $ $
Remuneration 51,840 59,114
Expenses 52,055 67,589
Remuneration for attending Board of Directors meetings includes super and tax withheld.
Expenses include travel, accommodation and flights paid to Directors to attend Board of Directors meetings
103,895 126,703
NOTE 23 - RELATED PARTY DISCLOSURES 2022 2021
Loans to Directors:
These comprise overpayments of travel allowances to attend meetings.
Most of these overpayments have since been recovered. The balance will
be recovered from future travel allowance payments made.
$ $
Loans to directors outstanding at year-end: 801 4,048
Payment to Directors-related Consultant Entities:
Payments to director-related entities during the year: - -
Consultant payments to Directors
These include payments made to directors on arm’s length commercial terms
for attendance at meetings or participation in survey related activities.
Consultant payments to Directors during the year: 25,771 -
Yamatji Marlpa Aboriginal Corporation | Annual Report 2022 | 73