SPA Annual report 2018 FINAL. pdf

11 Intangible assets Details of the Company’s intangible assets and their carrying amount are as follows:

14 Employee remuneration 14.1 Employee benefits expense Expenses recognised for employee benefits are analysed below: 2018 2017 $ $ Wages and salaries 2,146,855 1,800,570 Superannuation – defined contribution plans 194,978 160,908 Employee benefits expense 2,341,833 1,961,478 Employee benefits The liabilities recognised for employee benefits consist of the following amounts: 2018 2017 $ $ Current Annual leave 227,399 187,807 Long service leave 142,472 134,452 Payroll 14.2

Software

Total

$

$

Balance 1 Jan 2018

92,576 92,576

Additions Disposals

- -

- -

Balance 31 Dec 2018 Depreciation and impairment Balance 1 Jan 2018

92,576 92,576

28,448 28,448

Disposals

-

-

Depreciation

21,764 21,764 50,212 50,212

Balance 31 Dec 2018 Carrying amount 31 December 2018

42,364 42,364

Balance 1 Jan 2017

64,984 64,984 27,592 27,592

14,991 15,500 384,862 337,758

Additions Disposals

-

-

Non-current Long service leave

Balance 31 Dec 2017

92,576 92,576

47,517 34,541

Depreciation and impairment Balance 1 January 2017

10,193 10,193

15 Other liabilities Other liabilities can be summarised as follows:

Disposals

-

-

Depreciation

18,255 18,255 28,448 28,448

2018

2017

Balance 31 Dec 2017 Carrying amount 31 December 2017

$

$

64,128 64,128

Deferred income

1,599,238 2,100,089

Other liabilities - current

1,559,238 2,100,089

All amortisation are included within depreciation and amortisation.

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

12 Other assets Other assets consist the following:

2018

2017

16

Auditor renumeration

$

$

2018 2017 $ $

Current Prepayments

100,527 169,127 76,005 123,012 245,132 22,485

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

Accrued income

15,550 15,205

Non-Current Prepayments

4,545 4,545

- -

Other services: Taxation compliance – HLB Mann Judd

4,215 4,500 19,765 19,705

Total Other Assets

127,557 245,132

Total auditor’s remuneration

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

2018

2017

$

$

Current - unsecured Trade payables

174,394 193,076 368,024 499,092 542,418 692,168

Other creditors and accruals

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

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2018 ANNUAL REPORT Speech Pathology Australia