AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
9. Payables
9(a) Suppliers
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Trade creditors and accruals 16,814 20,838 16,244 19,676
total suppliers payables 16,814 20,838 16,244 19,676
Supplier payables expected to be settled within
12 months
Related entities 15 30 15 30
External parties 16,799 20,808 16,229 19,646
total suppliers payables 16,814 20,838 16,244 19,676
Settlement was usually made within 30 days.
9(b) Other payables
Notes
COnSOlIDAteD CORpORAtIOn
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Salaries 2,400 1,764 2,340 1,714
Superannuation 360 308 353 303
Prepayments received 1,709 1,792 1,019 460
Unearned revenue from Government (i) 539 2,153 539 2,153
Provision for return of capital to Government (ii) – 518 – 518
Other deferred revenue (iii) 14,952 17,889 14,951 17,889
total other payables 19,960 24,424 19,202 23,037
(i) The unspent portion of revenue from Government received in 2012 to fund the Corporation’s conversion to digital
transmission is $0.539m (2011: $2.153m). In line with Government policy (to fund only the amounts required for the
conversion to digital) the unrequired funds have been provided for – to return to the Government.
(ii) A provision was made in 2011 to repay $0.518m to the Government for unspent revenues (appropriation) relating
to the digital transmission switchover. This amount was adjusted against Contributed Equity (Return of Capital) in
accordance with the FMOs. It related to revenues recognised in a previous financial year (in 2010).
(iii) The Corporation received revenue from the TV Fund to provide analogue extensions to regional Australia to 2012 – see
note 7(c)(i). The amounts received, including interest, are recognised as revenue when related expenditure is incurred.
106 SBS