EN - Business (Report) - Flipbook - Page 28
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2022
NOTE 8. PAYABLES
2022
$
2021
$
Trade creditors (a)
234,858
249,485
Accruals
808,219
489,878
1,043,077
739,363
(a) The average payment terms are 30 days. RASWA has policies in place to ensure that all payables are paid within
their credit timeframe.
NOTE 9. PROVISIONS
Current
Employee benefits
393,260
540,705
11,360
32,662
404,620
573,367
456,433
591,127
Non-current
Employee benefits
The aggregate amount of employee benefits recorded in the financial
statements amount to:
Employee benefits
NOTE 10. CONTRACT LIABILITIES
Income in advance
NOTE 11. RELATED PARTY DISCLOSURES
The names of the Councillors of RASWA during the year are shown on page 12 of the Annual Report.
Councillor related entity transactions
During the year financial services were provided to RASWA by Provident Financial Services, a company in which
Councillor Paul Carter has an interest. There was no cost incurred by RASWA for these financial services in the current
financial year (2021: $191).
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