Page 85 - BWA Annual Report 2020 W

WESTERN AUSTRALIAN BASKETBALL FEDERATION INC.
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2020
8. Trade and Other Payables
CURRENT
Trade Payables GST Payable Accrued expenses
2020 2019 $$
- 2,778
414,915 417,693
20,017 7,484 296,607 324,108
Trade and other payables are unsecured, non-interest bearing and are normally settled within 30 days. The carrying value of trade and other payables is considered a reasonable approximation of fair value due to the short-term nature of the balances.
9. Deferred Income
CURRENT Deferred Income
10. Employee benefits
CURRENT
Short Term Employee Benefits
NON CURRENT
Long Term Employee Benefits
11. Remuneration of Auditors
Auditing or reviewing financial report
2020 2019 $$
1,079,351 949,227
2020 2019 $$
195,825
41,784
116,815
39,025
BWA ANNUAL REPORT 2020 | 78