KU Annual Report KU Annual Report 2017 | Página 49

FINANCIALS
11. Finance Leases
2017 2016
$ $
379,452 535,252
Less than 1 year 196,255 284,619
Between 1 and 5 years 183,197 250,633
379,452 535,252
11,134,398 11,260,423
996,079 1,274,322
12,130,477 12,534,746
8,060,950 7,117,729
Finance Lease Liability
Minimum Lease Payments
In 2017 total lease payments of $301,633 (2016: $281, 642) 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
5,679,790 5,107,030
13,740,740 12,224,759
1,140,304 480,624
14,881,044 12,705,383
1,988,197 2,066,406
400,075 1,042,435
2,388,272 3,108,841
Provision for Make Good Liability:
Make good liability
Non-current
Employee Benefits:
Provision for long service leave
Provision for Make Good Liability:
Make good liability
14. General Funds
25,898,504 20,396,125
Net (deficit)/surplus
Balance at beginning of financial year
5,738,080 5,563,232
Net transfers from General Funds (note 15 & 16) 1,180,887 (60,853)
32,817,471 25,898,504
Balance at end of financial year
25
KU
20
17