Note 5: Financial Assets
| 2011 $’000 |
2010 $’000 |
||
|---|---|---|---|
| Note 5A: Cash and Cash Equivalents | |||
| Special Accounts | 8,581 | 2,220 | |
| Cash held by outsiders | 338 | 476 | |
| Cash on hand or on deposit | 49,241 | 45,859 | |
| Other | - | - | |
| Total cash and cash equivalents | 58,160 | 48,555 | |
| Note 5B: Trade and Other Receivables | |||
| Good and Services: | |||
| Goods and services - related entities | 28,814 | 12,036 | |
| Goods and services - external parties | 1,913 | 2,633 | |
| Total receivables for goods and services | 30,727 | 14,669 | |
| Appropriations receivable: | |||
| For existing programs | |||
| Overseas Property Office | 384,670 | 295,385 | |
| Other Departmental | 435,065 | 398,185 | |
| For departmental supplementations | - | 18,155 | |
| Total appropriations receivable | 819,735 | 711,725 | |
| Other receivables: | |||
| GST receivable from the Australian Taxation Office | 1,751 | 3,182 | |
| Advances | 9,340 | 6,716 | |
| Other | 19,539 | 8,675 | |
| Total other receivables | 30,630 | 18,573 | |
| Total trade and other receivables (gross) | 881,092 | 744,967 | |
| Less impairment allowance account: | |||
| Goods and services | (309) | (389) | |
| Total impairment allowance account | (309) | (389) | |
| Total trade and other receivables (net) | 880,783 | 744,578 | |
| Receivables are expected to be recovered in: | |||
| No more than 12 months | 873,530 | 740,182 | |
| More than 12 months | 7,253 | 4,396 | |
| Total trade and other receivables (net) | 880,783 | 744,578 | |
| Receivables are aged as follows: | |||
| Not overdue | 869,216 | 738,978 | |
| Overdue by: | |||
| 0 to 30 days | 3,164 | 2,062 | |
| 31 to 60 days | 95 | 102 | |
| 61 to 90 days | 234 | 1,330 | |
| More than 90 days | 8,382 | 2,495 | |
| Total receivables (gross) | 881,092 | 744,967 | |
| 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 | 309 | 389 | |
| Total impairment allowance account | 309 | 389 | |
| Reconciliation of the Impairment Allowance Account: | |||
| Movements in relation to 2011 | |||
| Goods and services $'000 |
Other receivables $'000 |
Total $'000 |
|
| Opening balance | 61 | 328 | 389 |
| Amounts written off | - | - | - |
| Amounts recovered and reversed | (61) | (25) | (86) |
| Increase/decrease recognised in net surplus | - | 6 | 6 |
| Closing balance | (0) | 309 | 309 |
| 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 |