b"Resident and client fees and charges The Company receives daily fees for the provision of care and accommodation in accordance with the Aged Care Act which are funded by the resident as a Basic Daily Fee which is set by the Federal Government.The Basic Daily Fee is calculated as a daily rate and is payable by a resident for each day that resident resides in the facility. The fee is recognised over time as the services are provided.Residents are invoiced on a monthly basis. Other fees and charges recognised by the Company for additional services to residents and clients under mutually agreed terms and conditions.Each services provided to the resident/client represents a separate performance obligation.These services are typically provided on a regular recurring basis, with revenue recognised over time as the service is provided.Services provided are invoiced on a monthly basis. Patient Fee revenue from a contract with a customer to provide health services is recognised over the period in which the services are rendered. The transaction price is based on the schedule of fees itemised in each contract. Payments are generally received within 30 days of billing the customer. Other resident revenue Other resident revenue represents other fees charged to residents in respect of accommodation charges and includes daily accommodation payments (DAP) and daily accommodation contribution (DAC) revenue.Other resident revenue is recognised over time as the resident resides in the facility. Residents are invoiced on a monthly basis. Accommodation bond retentions and exit fees Accommodation bond retentions are recognised on a contractual basis and deducted from the Accommodation Bond liability balance. Exit fees on retirement village assets are earned while the resident occupies the independent living unit and is recognised as income over the residents' expected tenure. The expected tenure is calculated with reference to Australian Bureau of Statistics current data relating to life expectancy and historical trends of roll-overs within the company.Exit fee revenue earnt reduces the existing Ingoing Contribution liability. Rental income Rental income is recognised on a straight-line basis over the lease term.Imputed revenue on RAD and bond balances Under AASB 16 Leases, total revenue includes an imputed non-cash charge for accommodation in respect of residents who have chosen to pay a RAD and the corresponding finance costs representing the amount of interest expense saved on the interest-free loan. Because the RADs are interest-free only until the resident vacates the premises, the RAD balance is required to be discounted and measured at fair value.The Entity has determined the use of the RBAs Overnight Cash Rate as the interest rate used in the calculation of the discounting of the RAD balance. Because the repayment of the RAD is guaranteed by the Federal Government, there is no credit risk and therefore the appropriate discount rate is the RBAs Overnight Cash Rate. Interest income Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.Page | 27"