KU Financial Report
Notes to the Financial Statements
Continued...
12. Trade and other payables
Prepaid government funding
2008 2007
$ $
13,203,914 9,904,975
Prepaid special education income 810,233 1,178,963
Salary and superannuation accruals 210,452 1,677,862
Prepaid centre fees and holding deposits 1,400,720 1,200,674
Other creditors and accruals 2,010,898 399,574
17,636,217 14,362,048
13. Provisions
2008 2007
$ $
Current
Employee Benefits:
Provision for annual leave and rostered days off 3,610,888 3,189,476
Provision for long service leave 1,619,614 1,900,435
5,230,502 5,089,911
1,482,183 1,037,097
2008 2007
$ $
Non-current
Employee Benefits:
Provision for long service leave
14. Retained earnings
32
Balance at beginning of financial year 10,403,915 7,681,860
Net (deficit)/surplus (2,929,294) 1,764,008
Net transfers to reserves (note 15) (126,728) 958,047
Balance at end of financial year 7,347,893 10,403,915
KU Children’s Services