CTFA Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FIGURES IN R 2019 2018 9.3 Provisions for employee benefits Leave Pay Provision Total Balance at 1 January 2019 26,118 26,118 Additions 80,876 80,876 Utilised during the year (26,118) (26,118) Balance at 31 December 2019 80,876 80,876 Leave Pay Provision Total Balance at 1 January 2018 47,292 47,292 Additions 65,647 65,647 Utilised during the year (86,821) (86,821) Balance at 31 December 2018 26,118 26,118 10. Trade and other payables 10.1 Accounting policies Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 10.2 Trade and other payables comprise Trade creditors 14,174 - COIDA accrual 7,113 6,307 Other accruals 28,769 26,751 Total trade and other payables 50,056 33,058 10.3 Items included in trade and other payables not classified as financial liabilities Total trade and other payables excluding non-financial liabilities included in trade and other payables 50,056 33,058 COSMETIC TOILETRY AND FRAGRANCE ASSOCIATION OF SOUTH AFRICA 40