BUSHkids Annual Report 2019-20

ANNUAL REPORT 2019–2020

ROYAL QUEENSLAND BUSH CHILDREN'S HEALTH SCHEME ABN 43 824 927 762 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2020 2020

2019

$

$

11 - TRADE AND OTHER PAYABLES

Trade payables BAS payable Other payables

272,419 202,204 58,172 532,795

149,310 221,339 87,657 458,306

12 - CONTRACT LIABILITIES

Contract liabilities

343,141

1,668,951

Unsatisfied performance obligations The aggregate amount allocated to unsatisfied performance obligations pursuant to grant and other contracts at the end of the reporting period was $343,141 as at 30 June 2020 ($1,668,951 as at 30 June 2019). This is expected to be recognised as revenue in future periods as follows: 2020 2019 $ $ Within 6 months 336,388 1,572,761 6 to 12 months 6,753 96,190 343,141 1,668,951

TOPIC SECTION FINANCIALS N TES TO THE FINANCIAL STATEMENTS – NOTES 11 – 15

13 - EMPLOYEE REMUNERATION

13.1 Employee benefits expense Wages

7,609,611

7,136,342

Workcover

60,982 712,758 92,639 23,018 126,224 35,021

77,100 631,138 90,973 23,305 119,492 39,038

Superannuation

71

Employee benefit provisions

Staff recruitment

Staff training

Other staff expenses Fringe benefits tax

6,342

5,088

8,666,595

8,122,476

13.2 Employee benefits Current Provision for Annual Leave

352,894 88,510 441,404

275,559 83,110 358,669

Provision for Long Service Leave

Non-current Provision for Long Service Leave

20,854

10,950

14 - OTHER LIABILITES

Lease liabilities

617,183

0

15 - ASSET REVALUATION RESERVE

Balance at 1 July 2019

1,790,768

1,546,427

Other comprehensive income for the year: Revaluation of land

0

235,000

Financial assets: - current year gains (losses)

(1,096,935) (255,746)

386,027 (376,686) 1,790,768

- reclassification to profit or loss for financial assets sold during year

Balance as at June 2020

438,087