Note 5: Financial Assets
2012 |
2011 |
||
|---|---|---|---|
$’000 |
$’000 |
||
Note 5A: Cash and Cash Equivalents |
|||
Special Accounts |
1,640 |
8,581 |
|
Cash held by outsiders |
234 |
338 |
|
Cash on hand or on deposit |
52,913 |
49,241 |
|
Total cash and cash equivalents |
54,787 |
58,160 |
|
Note 5B: Trade and Other Receivables |
|||
Goods and Services: |
|||
Goods and services - related entities |
20,234 |
28,814 |
|
Goods and services - external parties |
4,096 |
1,913 |
|
Total receivables for goods and services |
24,330 |
30,727 |
|
Appropriations receivable: |
|||
For existing programs |
|||
Overseas Property Office |
438,950 |
384,670 |
|
Other Departmental |
459,047 |
435,065 |
|
Total appropriations receivable |
897,997 |
819,735 |
|
Other receivables: |
|||
GST receivable from the Australian Taxation Office |
2,693 |
1,751 |
|
Advances |
8,704 |
9,340 |
|
Other |
10,527 |
19,539 |
|
Total other receivables |
21,924 |
30,630 |
|
Total trade and other receivables (gross) |
944,251 |
881,092 |
|
Less impairment allowance account: |
|||
Goods and services |
(453) |
(309) |
|
Total impairment allowance account |
(453) |
(309) |
|
Total trade and other receivables (net) |
943,798 |
880,783 |
|
Receivables are expected to be recovered in: |
|||
No more than 12 months |
937,154 |
873,530 |
|
More than 12 months |
6,644 |
7,253 |
|
Total trade and other receivables (net) |
943,798 |
880,783 |
|
Receivables are aged as follows: |
|||
Not overdue |
932,521 |
869,216 |
|
Overdue by: |
|||
0 to 30 days |
1,929 |
3,164 |
|
31 to 60 days |
1,830 |
95 |
|
61 to 90 days |
734 |
234 |
|
More than 90 days |
7,237 |
8,382 |
|
Total receivables (gross) |
944,251 |
881,092 |
|
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 |
453 |
309 |
|
Total impairment allowance account |
453 |
309 |
|
Credit terms were within 30 days (2011: 30 days). |
|||
Reconciliation of the Impairment Allowance Account: |
|||
Movements in relation to 2012 |
|||
Goods and services |
Other receivables |
Total |
|
$'000 |
$'000 |
$'000 |
|
Opening balance |
- |
309 |
309 |
Amounts written off |
- |
- |
- |
Amounts recovered and reversed |
- |
(7) |
(7) |
Increase/decrease recognised in net surplus |
122 |
29 |
151 |
Closing balance |
122 |
331 |
453 |
Movements in relation to 2011 |
|||
Goods and |
Other |
||
services |
receivables |
Total |
|
$'000 |
$'000 |
$'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 |
- |
309 |
309 |