Page 84 - BWA Annual Report 2019

WESTERN AUSTRALIAN
BASKETBALL FEDERATION INC.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019
7. Leases
Right-of-use assets
BUILDINGS TOTAL $$
Year ended 31 December 2019
Balance at beginning of year 73,177 Depreciation charge - 11,708
Balance at end of year 61,469
-
73,177 11,708
61,469
8. Trade and Other Payables 2019 $$
CURRENT
Trade Payables GST Payable Accrued expenses
20,017 7,484 296,607 324,108
- 4,804 379,387 384,191
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 2019 2018
CURRENT $ $
Deferred Income
10. Employee Benefits
CURRENT
Short Term Employee Benefits NON CURRENT
Long Term Employee Benefits
11. Remuneration of Auditors
-auditing or reviewing the financial report
949,227 384,198
949,227 384,198
2019 2018
$ $ 116,815 90,964
39,025 25,021
2019 2018 $$ 16,000 23,000 16,000 23,000
2018
77 BWA ANNUAL REPORT 2019