Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2024
Note 2. Critical accounting judgements, estimates and assumptions (continued)
14
Employee benefits provision
As discussed in note 1, the liability for employee benefits expected to be settled more than 12 months from the reporting date
are recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees
at the reporting date. In determining the present value of the liability, estimates of attrition rates and pay increases through
promotion and inflation have been taken into account.
Note 3. Cash and cash equivalents
2024
$
2023
$
Current assets
Cash at bank
3,253,501
3,629,589
Note 4. Trade and other receivables
2024
$
2023
$
Current assets
Sundry debtors
24,924
41,157
Accrued income
10,017
12,530
34,941
53,687
Note 5. Right of use asset
2024
$
2023
$
Non-current assets
Right-of-use asset
849,761
849,761
Less: Accumulated depreciation
(839,722)
(665,646)
10,039
184,115