Territory Stories

Annual Report 2018-2019 Essential Services Commission of South Australia

Details:

Title

Annual Report 2018-2019 Essential Services Commission of South Australia

Other title

Tabled paper 1481

Collection

Tabled papers for 13th Assembly 2016 - 2020; Tabled papers; ParliamentNT

Date

2019-11-27

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Department of the Legislative Assembly

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/755171

Citation address

https://hdl.handle.net/10070/768714

Page content

Essential Services Commission Notes to and forming part of the financial statements for the year ended 30 June 2019 14 The table includes all employees who received remuneration equal to or greater than the base executive remuneration level during the year, of which 5 (2018: 5) are executive and 1 (2018: 2) are non-executive staff. Remuneration of employees reflects all costs of employment including salaries and wages, payment in lieu of leave, superannuation contributions, fringe benefits tax and salary sacrifice benefits paid or payable in respect of these benefits. The total remuneration received by these employees for the year was $1 308 383 (2018: $1 422 249). Targeted voluntary separation packages No employees received a targeted voluntary separation package during the reporting period. 2.4. Employee benefits liability 2019 2018 $'000 $'000 Current Accrued salaries and wages 59 62 Annual leave 220 226 Long service leave 85 89 Total current employee benefits 364 377 Non-current Long service leave 825 663 Total non-current employee benefits 825 663 Total employee benefits 1 189 1 040 Employee benefits accrue for employees as a result of services provided up to the reporting date that remain unpaid. Long-term employee benefits are measured at present value and short-term employee benefits are measured at their nominal amounts. Salaries and wages, annual leave, skills and experience retention leave and sick leave The liability for salary and wages is measured as the amount unpaid at the reporting date at remuneration rates current at the reporting date. The annual leave liability and the skills and experience retention leave liability are expected to be payable within twelve months and are measured at the undiscounted amount expected to be paid. No provision has been made for sick leave, as all sick leave is non-vesting and it is assumed that the average sick leave to be taken in future years will be less than the annual entitlement. Long service leave The liability for long service leave is measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. Details about the measurement of long service leave liability is provided at note 10.1.


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