Credit risk The following table discloses the Commission’s maximum exposure to credit risk and the ageing analysis of financial assets. The Commission’s maximum exposure to credit risk at the end of the reporting period is the carrying amount of the financial assets as shown below. The table discloses the ageing of financial assets that are past due but not impaired and impaired financial assets. The table is based on information provided to senior management of the Commission. The Commission does not hold any collateral as security or other credit enhancements relating to the financial assets it holds. Aged analysis of financial assets 2014 Carrying amount not past due and not – impaired Cash and cash equivalents 5,363,000 dollars Restricted cash and cash equivalents 6,152,000 dollars Amounts receivable for services 40,134,000 dollars 2014 Carrying Not past Past due Past due Past due Past due Past due Impaired amount due and not but not but not but not but not but not financial impaired impaired impaired impaired 3 impaired impaired assets – – – – – up to 1 1–3 months months to 1–5 years more than 5 month one year years Receivables 3,309,000 2,175,000 67,000 33,000 824,000 205,000 5,000 dollars 141,000 dollars dollars dollars dollars dollars dollars dollars 2014 carrying amount 54,958,000 dollars – 2014 total not past due and not impaired 53,824,000 dollars – 2014 total impaired financial assets 141,000 dollars –
Credit risk The following table discloses the Commission’s maximum exposure to credit risk and the ageing analysis of financial assets. The Commission’s maximum exposure to credit risk at the end of the reporting period is the carrying amount of the financial assets as shown below. The table discloses the ageing of financial assets that are past due but not impaired and impaired financial assets. The table is based on information provided to senior management of the Commission. The Commission does not hold any collateral as security or other credit enhancements relating to the financial assets it holds. Aged analysis of financial assets 2014 Carrying amount – not past due and not impaired Cash and cash equivalents 5,363,000 dollars Restricted cash and cash equivalents 6,152,000 dollars Amounts receivable for services 40,134,000 dollars 2014 Carrying amount Not past due and not impaired Past due but not impaired – up to 1 month Past due but not impaired – 1–3 months Past due but not impaired – 3 months to one year Past due but not impaired – 1–5 years Past due but not impaired – more than 5 years Impaired financial assets Receivables 3,309,000 dollars 2,175,000 dollars 67,000 dollars 33,000 dollars 824,000 dollars 205,000 dollars 5,000 dollars 141,000 dollars 2014 carrying amount – 54,958,000 dollars 2014 total not past due and not impaired – 53,824,000 dollars 2014 total impaired financial assets – 141,000 dollars
Disability-Services-Commission-2013-2014-Annual-Report-full.docx