Note 7: Financial Assets
2010 $'000 |
2009 $'000 |
|
|---|---|---|
| Note 7A: Cash and Cash Equivalents | ||
| Special Accounts | 2,220 | 1,112 |
| Cash on hand or on deposit | 45,859 | 39,088 |
| Cash held by outsiders | 476 | 582 |
| Total cash and cash equivalents | 48,555 | 40,782 |
| Note 7B: Trade and Other Receivables | ||
| Good and Services: | ||
| Goods and services - related entities | 12,036 | 22,141 |
| Goods and services - external parties | 2,633 | 5,806 |
| Total receivables for goods and services | 14,669 | 27,947 |
| Appropriations receivable: | ||
| For existing outputs | ||
| - undrawn (Overseas Property Office) | 295,385 | 261,299 |
| - undrawn (Other Departmental) | 398,185 | 283,124 |
| For additional outputs | 18,155 | 32,435 |
| Total appropriations receivable | 711,725 | 576,858 |
| Other receivables: | ||
| GST receivable from the Australian Taxation Office | 3,182 | 2,476 |
| Advances | 6,716 | 6,236 |
| Other | 8,675 | 10,992 |
| Total other receivables | 18,573 | 19,704 |
| Total trade and other receivables (gross) | 744,967 | 624,509 |
| Less impairment allowance account: | ||
| Goods and services | (389) | (502) |
| Total impairment allowance account | (389) | (502) |
| Total trade and other receivables (net) | 744,578 | 624,007 |
| Receivables are expected to be recovered in: | ||
| No more than 12 months | 740,182 | 620,037 |
| More than 12 months | 4,396 | 3,970 |
| Total trade and other receivables (net) | 744,578 | 624,007 |
All receivables are non-interest bearing. Credit items are net 30 days (2009: 30 days). Appropriations receivable undrawn are appropriations controlled by the Department but held in the Official Public Account under the Government's just-in-time drawdown arrangements. Appropriations receivable for additional outputs are accrued revenues for services provided in the current year either under a purchasing agreement with the Government or by a Cabinet direction. Funding for these services will be provided by appropriations in the subsequent year. |
||
| Note 7B: Trade and Other Receivables | ||
| Receivables are aged as follows: | ||
| Not overdue | 738,978 | 609,711 |
| Overdue by: | ||
| 0 to 30 days | 2,062 | 7,421 |
| 31 to 60 days | 102 | 1,462 |
| 61 to 90 days | 1,330 | 348 |
| More than 90 days | 2,495 | 5,567 |
| Total receivables (gross) | 744,967 | 624,509 |
| The impairment allowance account is aged as follows: | ||
| Not overdue | - | - |
| Overdue by: | ||
| 0 to 30 days | - | - |
| 31 to 60 days | - | - |
| 61 to 90 days | - | - |
| More than 90 days | 389 | 502 |
| Total impairment allowance account | 389 | 502 |
Reconciliation of the Impairment Allowance Account:
| Movements in relation to 2010 | |||
|---|---|---|---|
Goods and services $'000 |
Other receivables $'000 |
Total $'000 |
|
| Opening balance | 163 | 339 | 502 |
| Amounts written off | - | - | - |
| Amounts recovered and reversed | (163) | (35) | (198) |
| Increase/(decrease) recognised in net surplus | 61 | 24 | 85 |
| Closing balance | 61 | 328 | 389 |
| Movements in relation to 2009 | Goods and services $'000 |
Other receivables $'000 |
Total $'000 |
| Opening balance | - | (305) | (305) |
| Amounts written off | - | - | - |
| Amounts recovered and reversed | - | 2 | 2 |
| Increase/(decrease) recognised in net surplus | (163) | (36) | (199) |
| Closing balance | (163) | 339 | (502) |