Fitzroy Learning Network Inc.
Annual Financial Report
For the year ended 30 June 2016
Notes to the Financial Statements
2016
$
Note 9
Employee Benefits
Current
Annual leave
Total Current Employee Benefits
Non-Current
Long service leave
Total Non-current Employee Benefits
Note 10
2015
$
12,134
12,134
17,735
17,735
-
-
Deferred Income
Funds received in advance
49,998
49,998
265,000
265,000
Deferred income consists of donations and income for specific purposes, the
services for which have yet to be provided at balance date.
Note 11
Operating Leases
Leases as lessee
Operating lease expenditure under contract or agreement is payable as follows:
Rent
Not later than one year
Later than one year but no later than five years
Note 12
40,380
109,852
150,232
39,204
150,232
189,436
5,000
5,000
5,000
5,000
Remuneration of Auditors
Audit services
Audit and review of financial report
11