In the year 2015, the unsecure nature of loans were surfaced to be 13946100 AUD that depicted a decrease from originally being 17965300 AUD. Such loans have been raised from banks and there also existed some interest over such loans enhanced through banks. The company has paid higher than even 40202000 AUD. The financial revenue of the company has enhanced and there has been a decrease in liabilities. This showcased the organizations’ financial strength to be enhanced and improvised.
The complete company non-current liabilities by the end of 2015 were 171198000 AUD and in the year it was a 21301500 aud. From this it is evident that there was a decrease in the non-current liabilities in comparison to previous year. Within the yearly statistics from 2013 to 2014, there did not lie any secure liability of non-current nature. All the liabilities of non-current nature within the year 2015 had loans of unsecured forms being taken from banks.
Unsecured non-current liabilities are present at around 171198000AUD because of the repayment needed in the upcoming 5 years. The present liabilities are present around 380336000 AUD. The liabilities remaining from non-current nature before 5 years will encounter repayment and after 5 years some result will emerge. Such borrowings mostly are long term equations. For example, some will require repaying after 2 to 5 years in the short term and such are mainly liabilities based on tax or salary.
There is no doubt that there are provisions in the company around 6073000 AUD within non-current liabilities. The liabilities of non-current nature are provisions for employees as well as provisions for lese. The provision for employees is 4323000 AUD and the provision for lease is 1753000 AUD. In the year 2013, the provision was lesser than 25 percent in the year 2012. These details depict that there is presence of liabilities in the short term than in the long term. The company financial strength has improvised with regard to the previous year of finance.