annual report 2011 - Blacktown RSL

ANNUAL REPORT 2011
13 Employee Benefits
2011 2010
$ $
Aggregate liability for employee benefits
including on-costs:
Current 502,322 481,908
Non-current 85,120
__________________
79,284
__________________
587,442 561,192
__________________
__________________
Superannuation Plans
Contributions
The company is under a legal obligation to contribute 9% of each employee’s base salary to a
superannuation fund.
14 Other Liabilities
Current
Income received in advance 48,593 __________________
46,118
__________________
Non-current
Income received in advance 16,750 __________________
-
__________________
15 Retained Profits
Retained profits at the beginning of the year 14,950,041 13,944,885
Net profit attributable to members of the company 515,661
__________________
1,005,156
__________________
Retained profits at the end of the year 15,465,702 14,950,041
__________________
__________________
16 Commitments
Capital Expenditure Commitments
Plant and equipment
Contracted but not provided for and payable:
Within one year 490,000 __________________
-
__________________
Hire Purchase Commitments
Hire purchase payments are payable as follows:
Within one year 238,201 248,027
One year or later and no later than five years 432,383
__________________
669,755
__________________
Minimum hire purchase payments 670,584 917,782
__________________
__________________
Current year hire purchases include amounts for a TITO system.
17 Contingent Liabilities
Bank Guarantees
The company has given the following bank guarantees:
TAB Limited 5,000 __________________
5,000
__________________
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