Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
96<br />
<strong>Sugar</strong> <strong>Research</strong> <strong>and</strong> <strong>Development</strong> <strong>Corporation</strong><br />
NOTES OF THE FINANCIAL STATEMENTS<br />
Note 7 Payables<br />
Note 7A: Suppliers<br />
SRDC Annual Report 2010–2011<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
Trade creditors <strong>and</strong> accruals (63) (36)<br />
Total supplier payables (63) (36)<br />
Supplier payables expected to be settled within 12 months:<br />
External parties (63) (36)<br />
Total supplier payables (63) (36)<br />
Settlement was usually made within 30 days.<br />
Note 7B: Grants<br />
Private sector:<br />
Other (47) (18)<br />
Total grants (47) (18)<br />
Total grants are expected to be settled in:<br />
No more than 12 months (47) (18)<br />
Total grants (47) (18)<br />
Settlement was usually made according to the terms <strong>and</strong> conditions of each grant. This was usually<br />
within 30 days of performance or eligibility.<br />
Note 7C: Other Payables<br />
Salaries <strong>and</strong> wages (17) (12)<br />
Superannuation (2) (2)<br />
Other (14) (19)<br />
Total other payables<br />
Total other payables are expected to be settled in:<br />
(33) (33)<br />
No more than 12 months (33) (33)<br />
Total other payables (33) (33)
Change language