Annual report FINAL low res 2016

9 Property, plant and equipment Details of the Company’s property, plant and equipment and their carrying amount are as follows:

12 Employee remuneration 12.1 Employee benefits expense Expenses recognised for employee benefits are analysed below: 2016 2015 $ $ Wages, salaries 1,592,418 1,370,029 Superannuation – defined contribution plans 149,779 130,218 Employee benefit provisions 4,680 28,698 Employee benefits expense 1,746,877 1,528,945 Employee benefits The liabilities recognised for employee benefits consist of the following amounts: 2016 2015 $ $ Current Annual leave 144,817 140,137 Long service leave 128,768 100,415 Payroll 12.2

Buildings Fitout

Plant & equipment Software

Total

$

$

$

$

Balance 1 Jan 2016

230,576 179,673 25,502 435,751

Additions Disposals

- -

13,252 39,482 52,734

(7,051)

- (7,051)

Balance 31 Dec 2016 Depreciation and impairment Balance 1 Jan 2016

230,576 185,874 64,984 481,434

27,526 78,081

- 105,607 - (6,912)

Disposals

-

(6,912)

Depreciation

14,001 24,080 10,193 48,274 41,527 95,249 10,193 146,969

Balance 31 Dec 2016 Carrying amount 31 December 2016

189,049 90,625 54,791 334,465

13,430 78,940 287,015 319,492

Balance 1 Jan 2015

32,319 167,996

- 200,315

Additions Disposals

198,257 103,722 25,502 327,481

Non-current Long service leave

- (92,045)

- (92,045)

15,701 30,800

Balance 31 Dec 2015 Depreciation and impairment Balance 1 Jan 2015

230,576 179,673 25,502 435,751

13 Other liabilities Other liabilities can be summarised as follows:

16,978 144,556

- 161,534 - (84,594) - 28,667

2016

2015

Disposals

- (84,594)

$

$

Depreciation

10,548 18,119

Balance 31 December 2015 Carrying amount 31 December 2015

Deferred income

1,663,161 1,865,109

27,526 78,081

- 105,607

Other liabilities - current

1,663,161 1,865,109

203,050 101,592 25,502 330,144

Deferred income consists of government grants received in advance for services to be rendered by the Company and member services paid in advance. Deferred income is amortised over the life of the contract.

All depreciation and impairment charges (or reversals if any) are included within “depreciation and amortisation” and “impairment of non-financial assets”.

14

Auditor renumeration

10 Other assets Other assets consist the following:

2016 2015 $ $

2016

2015

$

$

Audit and review of financial statements: •

Current Prepayments

165,392 124,039 71,276 195,578 195,315 30,186

auditors of The Speech Pathology Association of Australia Ltd – Grant Thornton Australia

Accrued income

15,800 16,970

Other services: •

11 Trade and other Payables Trade and other payables recognised consist of the following:

taxation compliance – Grant Thornton Australia

4,500 4,500

2016

2015

20,300 21,470

Total auditor’s remuneration

$

$

Current Trade payables

215,681 152,688 160,971 224,022 376,652 376,710

Other creditors and accruals

All above liabilities are short-term. The carrying values are considered to be a reasonable approximation of fair value.

25

2016 ANNUAL REPORT Speech Pathology Australia