Final Annual Report - Health Workforce Australia

Note 7: Payables

Notes to and forming part of the financial statements for the year ended 30 June 2014

Page last updated: 18 May 2015

Note 7 Payables
  2014 2013
  $’000 $’000
Note 7A: Suppliers
Trade creditors and accruals 1,072 3,853
Total supplier payables 1,072 3,853
Settlement is usually made within 30 days. All supplier payables are expected to be settled within 12 months.
Note 7B: Grants
Grants:  
Public sector:  
Australian Government entities (related entities) - 5
State and Territory Governments 448 9,437
Private sector:  
Non-profit organisations 779 8,199
Other 79 678
Total grants 1,306 18,319
Settlement is usually made according to the terms and conditions of each grant. This is usually within 30 days of performance or eligibility. All grant payables are expected to be settled with 12 months.  
Note 7C: Other Payables
Salaries and wages 296 347
Superannuation 34 33
Lease Incentive 134 232
Total other payables 464 612
Total other payables are expected to be settled in:  
No more than 12 months 464 443
More than 12 months  - 169
Total other payables 464 612