Part 4: Financial Statements – HTML version

Notes to and forming part of the Financial Statements

Note 7: Financial Assets
	2004 $'000	2003 $'000
Note 7A: Cash
Cash on hand	10	8
Cash at bank - Special Account	-	2,419
Cash at bank - Departmental	2,544	517
*Total cash*	2,554	2,944
All cash recognised is a current asset.
Note 7B: Receivables
Goods and services	1,625	2,291
Less: Provision for doubtful debts	(727)	(68)
Total	898	2,223
GST receivable from the ATO	4,207	4,880
Appropriations receivable
- OPA Receivable/Appropriations Receivable	43,120	54,192
Receivable from Centrelink for over estimation of customer numbers	18,426	21,555
Other receivables (Net)	7,406	6,824
Total	74,057	89,674
Receivables (gross) are aged as follows:
Not overdue	73,284	86,967
Overdue by:
Less than 30 days	63	568
30 to 60 days	87	261
60 to 90 days	38	813
More than 90 days	1,312	1,133
*Total receivables (gross)*	74,784	89,742
The provision for doubtful debts is aged as follows:
Not overdue	-	-
Overdue by:
Less than 30 days	-	-
30 to 60 days	-	-
60 to 90 days	-	-
More than 90 days	(727)	(68)
*Total provision for doubtful debts*	(727)	(68)