FINANCIALS 2018
11. Finance Leases
2018 2017
$ $
481,928 379,452
Less than 1 year 162,034 196,255
Between 1 and 5 years 319,894 183,197
481,928 379,452
9,441,314 11,134,398
620,566 996,079
10,061,880 12,130,477
8,956,685 8,060,950
Finance Lease Liability
Minimum Lease Payments
In 2018 total lease payments of $243,486 (2017: $301,633) 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
6,305,743 5,679,790
15,262,428 13,740,739
1,462,514 1,140,304
16,724,942 14,881,044
2,111,979 1,988,197
278,144 400,075
2,390,123 2,388,272
32,817,471 25,898,504
2,858,879 5,738,080
20,849 1,180,887
35,697,199 32,817,471
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
Balance at beginning of financial year
Net (deficit)/surplus
Net transfers from General Funds (note 15 & 16)
Balance at end of financial year
25
KU
20
18