Note 18: Financial Instruments (a) Financial Risk Management objectives and policies The principal financial instruments comprise of: Hospital’s Cash Assets • Term Deposits • Receivables (excluding statutory receivables) • Investment in Equities • Payables (excluding statutory payables) • Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument are disclosed in Note 1 to the financial statements. The main financial risks include credit risk, liquidity risk and interest rate risk. The Hospital manages Hospital’s these financial risks in accordance with its financial risk management policy. The main purpose in holding financial instruments is to prudentially manage the financial risks within Hospital’s the government policy parameters. CATEGORISATION OF FINANCIAL INSTRUMENTS Details of each categories in accordance with AASB 139, shall be disclosed either on the face of the balance sheet or in the notes. Carrying Carrying Amount Amount 2013 2012 Financial Assets $’000 $’000 Cash and cash equivalents 3,233 1,639 Loans and Receivables 777 788 Available for Sale 71,125 69,945 Total Financial Assets (i) 75,135 72,372 Financial Liabilities Financial Liabilities at Amortised Cost 3,862 4,229 Other Liabilities at Amortised Cost 1,172 1,268 Total Financial Liabilities (ii) 5,034 5,497 (i) The total amount of financial assets disclosed here excludes statutory receivables (i.e. GST input tax credit recoverable) (ii) The total amount of financial liabilities disclosed here excludes statutory payables (i.e. Taxes payables) gain/ (loss) $’000 NET HOLDING GAIN/(LOSS) ON FINANCIAL INSTRUMENTS BY CATEGORY 2012 $’000 Financial Assets Net holding gain/ (loss) 2013 Available for Sale (i) 3,270 (1,391) Total Financial Assets 3,270 (1,391) Financial Liabilities Total Financial Liabilities - -
Note 18: Financial Instruments (a) Financial Risk Management objectives and policies The Hospital’s principal financial instruments comprise of: • Cash Assets • Term Deposits • Receivables (excluding statutory receivables) • Investment in Equities • Payables (excluding statutory payables) Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument are disclosed in Note 1 to the financial statements. The Hospital’s main financial risks include credit risk, liquidity risk and interest rate risk. The Hospital manages these financial risks in accordance with its financial risk management policy. The main purpose in holding financial instruments is to prudentially manage the Hospital’s financial risks within the government policy parameters. CATEGORISATION OF FINANCIAL INSTRUMENTS Details of each categories in accordance with AASB 139, shall be disclosed either on the face of the balance sheet or in the notes. Financial Assets Carrying Amount 2013 $’000 Carrying Amount 2012 $’000 Cash and cash equivalents 3,233 1,639 Loans and Receivables 777 788 Available for Sale 71,125 69,945 Total Financial Assets (i) 75,135 72,372 Financial Liabilities Financial Liabilities at Amortised Cost 3,862 4,229 Other Liabilities at Amortised Cost 1,172 1,268 Total Financial Liabilities (ii) 5,034 5,497 (i) The total amount of financial assets disclosed here excludes statutory receivables (i.e. GST input tax credit recoverable) (ii) The total amount of financial liabilities disclosed here excludes statutory payables (i.e. Taxes payables) NET HOLDING GAIN/(LOSS) ON FINANCIAL INSTRUMENTS BY CATEGORY Financial Assets Net holding gain/ (loss) 2013 $’000 gain/ (loss) 2012 $’000 Available for Sale (i) 3,270 (1,391) Total Financial Assets 3,270 (1,391) Financial Liabilities Total Financial Liabilities - -