It has been revealed employees of failed timber company Gunns are owed more than $9 million in entitlements.
In a report to the Australian Securities and Investments Commission, the receivers say the company has nearly $185 million worth of land, $25 million in cash and $109 million in plant and equipment.
The company owes its employees more than $9 million; about $6 million in holiday pay and more than $3 million in long service leave.
Gunns has more than 1,200 parcels of land, mostly in Tasmania, worth nearly $185 million.
Receivers KordaMentha say the exact commercial value of the land and equipment, including about 20 cars and trucks, cannot be revealed due to commercial sensitivities.
The receivers are currently selling off the company's timber mills in Tasmania and South Australia, with final bids due today.
Bids close today for Gunns' sawmills at Bell Bay in Tasmania and Tarpeena in South Australia.
KordaMentha says local, national and international companies have shown interest.
The receivers have said they expect Gunns will be liquidated when creditors meet in January to vote on the company's future.