Part 4: Financial Statements – HTML version

Notes to and forming part of the Financial Statements

Note 21: Assets Administered on Behalf of Government
	2004 $'000	2003 $'000
Financial Assets
Cash
Administered bank account -Department of Family and Community Services	(29,780)	(35,066)
Special Accounts	31,796	37,290
*Total cash*	2,016	2,224
Receivables
Student Financial Supplement Scheme	2,130,011	2,089,867
Less: Provision for doubtful debts	(1,192,806)	(1,170,325)
[Total]	937,205	919,542
Personal Benefits - Direct	1,848,262	1,575,448
Less: Provision for doubtful debts	(465,546)	(347,296)
[Total]	1,382,716	1,228,152
Child Support Receivable	821,845	820,340
Less: Provision for doubtful debts	(735,782)	(742,995)
[Total]	86,063	77,345
Child Support Penalties	383,824	336,255
Less: Provision for doubtful debts	(375,665)	(327,884)
[Total]	8,159	8,371
Other Loans	8,362	7,984
[Total]	8,362	7,984
Other receivables	58,054	50,556
Less: Provision for doubtful debts	(14,725)	(16,858)
[Total]	43,329	33,698
*Total receivables (net)*	2,465,834	2,275,092
Receivables (gross) are aged as follows:
Not overdue	3,583,172	3,275,337
Overdue by:
Less than 30 days	79,384	120,700
30 to 60 days	62,954	69,843
60 to 90 days	59,133	59,789
More than 90 days	1,465,715	1,354,782
*Total receivables (gross)*	5,250,358	4,880,451
The provision for doubtful debts is aged as follows:
Not overdue	(1,514,555)	(1,444,950)
Overdue by:
Less than 30 days	(52,109)	(58,784)
30 to 60 days	(45,019)	(48,402)
60 to 90 days	(44,426)	(41,453)
More than 90 days	(1,128,415)	(1,011,770)
*Total provision for doubtful debts*	(2,784,524)	(2,605,359)
Investments
Australian Institute of Family Studies	788	788
Other	117	117
*Total investments*	905	905
*Total financial assets*	2,468,755	2,278,221
Non-financial Assets
Prepaid Grants	87	413
Other	-	124
*Total non-financial assets*	87	537
*Total Assets Administered on Behalf of Government*	2,468,842	2,278,758

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