ADAVB 2018/2019 Annual Report

4 4 | A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 Consolidated 2019 2018 $ $ NOTE 12: TRADE AND OTHER PAYABLES Current Trade payable 492,065 224,109 Subscriptions in advance 1,184,638 1,447,173 Other financial liabilities 1,172,393 1,000,518 Fees/Grants received in advance 149,375 365,970 Sundry creditors and accruals 124,137 208,122 3,122,608 3,245,892 (b) Financial liabilities at amortised cost classified as trade and other payables Trade and other payables: - Total Current 3,122,608 3,245,892 - Total Non-Current - - 3,122,608 3,245,892 Less: Amounts received in advance (1,323,804) (1,821,754) Total financial liabilities as trade and other payables 1,798,804 1,424,138 NOTE 13: PROVISIONS Consolidated 2019 2018 $ $ Analysis of Employee Provisions Current 364,377 287,770 Non-Current 36,403 29,252 400,780 317,022 A provision has been recognised for employee entitlements relating to annual leave and long service leave. In calculating the present value of future cash flows in respect of long service leave, the probability of long service leave being taken is based on historical data. The measurement and recognition criteria relating to employee benefits have been included in Note 1 to this report. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019