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2015 ANNUAL REPORT Speech Pathology Australia
11.2 Employee benefits
The liabilities recognised for employee benefits consist of the
following amounts:
2015 2014
$ $
Current
• annual leave 140,137 111,438
• long service leave 100,415 76,050
• payroll
78,940 12,345
319,492 199,833
Non-current:
• long service leave
30,800 24,387
12 Other liabilities
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.
13 Auditor remuneration
14 Reconciliation of cash flows from operating activities
2015 2014
$ $
Deferred income
1,865,109 1,464,966
Other liabilities - current 1,865,109 1,464,966
2015
$
2014
$
Audit and review of financial
statements:
• auditors of The Speech
Pathology Association of
Australia – Grant Thornton
Australia
16,970
20,000
• 2013 auditors of The Speech
Pathology Association of
Australia – McGregor West fee
for 2013
-
22,000
Other services:
• taxation compliance – Grant
Thornton Australia
4,500
4,000
Total auditor’s remuneration
21,470
46,000
2015
$
2014
$
Cash flows from operating
activities
Net surplus/(deficit) for the period
(24,422)
249,238
Non-cash flows in operating
surplus/(deficit):
• depreciation and amortisation
14,174 26,906
• loss/(profit) on sales of
property, plant and equipment
4,997
-
• other- income tax
2,931
1,879
Net changes in working capital:
• change in trade and other
receivables
(4,211)
5,000
• change in other assets
7,241 (23,390)
• change in trade and other
payables
139,138 (142,060)
• change in other liabilities
404,143 828,139
• change in provisions
46,559 29,348
Net cash from operating activities 590,551 975,098
15 Related party transactions
Income received or due and receivable by all directors of the
company from the company and any related bodies corporate.
Unless otherwise stated, none of the transactions incorporate
special terms and conditions and no guarantees were given or
received. Outstanding balances are usually settled in cash.
15.1 Directors and Key Staff Remuneration
Payment of remuneration of Directors represents the National
President honorarium paid to their employer.
16 Contingent liabilities
There are no contingent liabilities that have been incurred by
the Company in relation to 2015 or 2014.
17 Leases
17.1 Operating leases as lessee
The Company’s future minimum operating lease payments are
as follows:
Lease expense during the period amount to $149,966 (2014:
$0) representing the minimum lease payments.
The property lease commitments are non-cancellable
operating leases with lease terms of five (5) years. Increases
in lease commitments may occur in line with CPI or market rent
reviews in accordance with the agreements.
2015
$
2014
$
Directors and Key Staff
Remuneration
202,254 198,520
Within
1 year
$
1 to 5
years
$
After 5
years
$
Total
$
31 December 2015 149,666 546,969 -
696,635
31 December 2014
-
-
-
-
Minimum lease payments due