KU Annual Report 2015 | Page 39

11. Finance Leases 2015 $ 636,153 2014 $ 263,598 244,170 391,983 636,153 89,353 174,245 263,598 9,898,986 480,069 10,379,055 8,212,545 942,200 9,154,745 6,570,825 4,570,305 11,141,130 6,190,416 4,293,860 10,484,276 Provision for Make Good Liability: Make good liability 674,295 11,815,425 381,760 10,866,036 Non-current Employee Benefits: Provision for long service leave Provision for Make Good Liability: Make good liability 2,234,417 2,094,248 914,899 3,149,316 1,172,434 3,266,682 15,076,060 5,340,237 (20,172) 20,396,125 15,379,384 (159,103) (144,221) 15,076,060 Finance Lease Liability Minimum Lease Payments Less than 1 year Between 1 and 5 years In 2015 total lease payments of $258,187 (2014: $267,098) were made. 12. Unearned Income Prepaid government funding Prepaid special education income 13. Provisions Current Employee Benefits: Provision for annual leave and rostered days off Provision for long service leave 14. General Funds Balance at beginning of financial year Net (deficit)/surplus Net transfers from General Funds (note 15 & 16) Balance at end of financial year 37