SAAS Annual Report and Accounts 2013-2014 - page 44

0139
6 Trade and other receivables
All our receivables are prepayments. As they are all prepayments, there is no provision for bad debts.
2013-14
£000
2012-13
£000
Prepayments
291
283
Total
291
283
7 Trade and other payables
Trade payables are for goods or services received. All invoices are due to be paid within 10 days of receipt
of the invoice or delivery of the goods or services, whichever is later.
Also included is an accrual for employee benefits being annual leave earned but not taken and flexible
working time credits.
2013-14
£000
2012-13
£000
Accruals for goods or services
277
230
Employee benefits
207
144
Total
484
374
Analysis of accruals
2013-14
£000
2012-13
£000
Balances with bodies external to government
76
223
Balances with other central government bodies
1
7
Total
277
230
8 Cash and cash equivalents
There were no cash or cash equivalent balances in 2013-14 or 2012-13.
9 Provisions for liabilities and charges
Early retirement costs
Provision was created in 2005-06 for the early retirement severance cost of the previous Head of Finance
and Personnel with additional provision created in 2010-11 for two members of staff who left under an
approved early retirement scheme. Two of the three individuals have reached retirement age in 2013-14
allowing provisions relating to their early retirement costs to be released. Provision is based on the annual
value of payments incurred by SAAS until retirement age is reached by the former staff members and
adjusted to discount for the future value of the cash flows.
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