Speech Pathology Australia Annual Report 2020

15

Employee remuneration

12 Right of Use assets Details of the Company’s leases where Speech Pathology Australia is a lessee and their carrying amount are as follows:

15.1 Employee benefits expense Expenses recognised for employee benefits are analysed below:

Property Equipment

Total

$

$

$

2020

2019

$

$

Balance 1 Jan 2020

723,406 160,836 884,242

Wages and salaries

3,123,230 2,558,346 279,621 229,672

Additions

-

-

-

Superannuation – defined contribution plans Employee benefits expense

Extension of contract with rent increase

54,229

-

54,229

3,402,851 2,788,018

Disposals

-

-

-

15.2 Employee benefits The liabilities recognised for employee benefits consist of the following amounts:

Balance 31 Dec 2020

777,635 160,836 938,471

Amortisation and impairment Balance 1 Jan 2020

167,068 33,277 200,345

2020

2019

Disposals

-

-

-

$

$

Write back due to ex- tension of contract with rent increase

Current Annual leave

(222,756)

- (222,756)

336,141 243,503 137,463 115,336 473,604 358,839

Amortisation

228,497 33,276 261,773

Long service leave

Balance 31 Dec 2020

172,809 66,553 239,362

Non-current Long service leave

Carrying amount 31 December 2020

604,826 94,283 699,109

95,653 83,365

16 Other liabilities Other liabilities can be summarised as follows:

13 Other assets Other assets consist the following:

2020

2019

2020

2019

$

$

$

$

Membership QRBLF Grant Conference

1,749,614 1,451,057 329,857 348,469 37,291 72,077 119,933 67,945 2,236,695 1,939,548

Current Prepayments

148,917 124,476 54,911 434,088 179,387 285,171

Accrued income

Other

Other liabilities - current

Non-Current Prepayments

6,817 6,817

45,991 45,991

Deferred income consists of Member Services paid in advance. Deferred income is amortised over the life of the contract.

Total Other Assets

440,905 225,378

17

Auditor renumeration

2020 2019 $ $

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

Audit and review of financial statements: Auditors of The Speech Pathology Association of Australia – HLB Mann Judd

2020

2019

16,400 16,000

$

$

Current - unsecured Trade payables

Other services: Taxation compliance – HLB Mann Judd

83,155 152,785 602,335 453,547 685,490 606,332

4,215 5,000 20,615 21,000

Other creditors and accruals

Total auditor’s remuneration

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

33

2020 ANNUAL REPORT Speech Pathology Australia