Financial Statements

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

Note 4: Operating Expenses

Note 4A - Employee Expenses

 

2002

$’000

2001

$’000

Remuneration (for services provided)

28,751

 

26,508

Separation and redundancy

109

 

222

Total remuneration

28,860

 

26,730

Other employee expenses

320

 

355

 

29,180

 

27,085

The Library contributes to the Commonwealth Superannuation (CSS) and the Public Sector (PSS) Superannuation schemes, which provide retirement, death and disability benefits to employees.  Contributions to the schemes are at rates calculated to cover existing and emerging obligations.  Current contribution rates are 20.5% of salary (CSS) and 10.6% of salary (PSS).  An additional 3% is contributed for employer productivity benefits.

Note 4B - Suppliers Expenses

Supply of goods and services

20,657

 

20,461

Operating lease rentals

1,499

 

1,541

Total

22,156

 

22,002

Note 4C - Grant Expenses

The Library makes grants to support Australian community organisations to preserve significant documentary heritage collections.  The Harold White Fellowships are grants provided to established scholars and writers to work on materials held in the National Collection.

Non-profit institutions

150

 

120

Individuals - Harold White Fellowships

37

 

55

 

187

 

175

Note 4D - Depreciation and Amortisation

Depreciation of National Collection

4,993

 

1,698

Depreciation of property, plant and equipment

3,547

 

3,228

Amortisation of leasehold improvements

4

 

31

Amortisation of intangible assets

919

 

1,190

 

9,463

 

6,147

The aggregate amounts of depreciation or amortisation expensed during the reporting period, for each class of depreciable assets are as follows:

        Building

2,412

 

2,376

        Leasehold improvements

4

 

31

        National Collection

4,993

 

1,698

        Other infrastructure, plant and equipment

1,135

 

852

        Intangibles

919

 

1,190

 

9,463

 

6,147

 

2002

$’000

2001

$’000

Note 4E - Write-Down of Assets

Bad and doubtful debts expense

     

Receivables for goods and services

12

 

29

Inventories

42

 

152

Plant and Equipment – write-off on disposal

19

 

14

 

73

 

195

Note 4F – Net Loss from Sales of Assets

Infrastructure, plant and equipment:

     

Proceeds from sale

11

 

9

Net book value at sale

13

 

29

Net Loss

2

 

20

Add: plant and equipment written off on disposal (Note 4E)

19

 

14

Net loss on disposal of property, plant and equipment

21

 

34