Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited 16. Carrying value of non-financial assets (continued) Cash generating unit with significant goodwill - Strata For the Strata CGU, the present value of future cash flows has been calculated using a revenue growth rate of 17% (FY18: 24%) for year one, 31%(FY18: 34%) in year two, 20%(FY18: 24%) in year three, 15%(FY18: 12%) in year four, 14%(FY18: 13%) in year five and a terminal growth rate of 3%(FY18: 3%) and a pre-tax discount rate of 15.2% (FY18: 16.5%) to determine value in use. The growth is largely driven by recent contract wins and the commencement of PICA migration. Management have assessed that there is no impairment to the Strata CGU based on the value in use calculations. To illustrate the sensitivity to future cash flows, if key assumptions differed such that expected future cash flows decreased by 38% (FY18 22%) across the forecast period, without implementing mitigation plans, recoverable amount would be equal to the carrying value. Cash generating units - Facilities and Utilities Management have assessed that the intangible assets in respect of the Facilities and Utilities CGU’s remain fully impaired at 30 June 2019 based on the value in use calculations. 17. Trade and other payables 2019 $ 2018 $ Trade payables 155,492 247,065 Accrued expenses 633,056 732,366 Other payables 365,847 428,108 Total trade and other payables 1,154,395 1,407,539 18. Provisions 2019 $ 2018 $ Current Employee leave (i) 520,678 579,459 Gratuity provision (ii) 78,857 104,985 Total current provisions 599,535 684,444 Non-current Employee leave (i) 25,903 15,945 Total non-current provisions 25,903 15,945 (i) The provision for employee leave represents annual leave and long service leave entitlements accrued. (ii) Gratuity provision relates to the Middle East employees’ end of service employment entitlements which are required under United Arab Emirates Labour Laws. Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 68