Refundables and payables are financial liabilities and are recognised at their nominal value as they are due within 12 months. The nominal value is considered to approximate their fair value.
Taxes refundable represent refunds due to customers.
KiwiSaver payable represents contributions to be forwarded to scheme providers at balance date.
|
Actual 2020 ($000) |
Actual 2021 ($000) |
|
|---|---|---|
| $4,074,176 | Taxes refundable | $4,432,472 |
| $934,792 | KiwiSaver payable | $938,487 |
| $9,908 | Paid parental leave payable | $13,170 |
| $5,018,876 | Total refundables and payables | $5,384,129 |
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Last updated:
03 Nov 2021