Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally



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

 

 

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