Amounts receivable for services $40,134,000 The following table shows aged analysis of financial assets for 2014 receivables Carrying Not past Past due Past due Past due Past due Past due Impaired 2014 item amount due and but not but not but not but not but not financial not impaired impaired impaired impaired impaired assets impaired up to 1 1–3 3 1–5 more – – – – – month months months than 5 to one year Receivables $3,309,000 $2,175,000 $67,000 $33,000 $824,000 $205,000 $5,000 $141,000 (see note: a) 2014 carrying amount $54,958,000 – 2014 total not past due and not impaired $53,824,000 – 2014 total impaired financial assets $141,000 – Note: (a) The amount of receivables excludes GST recoverable from the ATO (statutory receivable). Liquidity risk and interest rate exposure The following details the Commission’s interest rate exposure and the contractual maturity analysis for financial assets and financial liabilities. The maturity analysis section includes interest and principal cash flows. The interest rate exposure section analyses only the carrying amount of each item. 2015 interest rate exposure and maturity analysis of financial assets and financial liabilities Financial assets: Cash and cash equivalents carrying amount (non-interest bearing) $5,722,000 • – Restricted cash and cash equivalents carrying amount (non-interest bearing) • – $20,936,000 Receivables (see note a) carrying amount (non-interest bearing) $2,563,000 • – Amounts receivable for services carrying amount (non-interest bearing) • – $45,295,000
Amounts receivable for services $40,134,000 The following table shows aged analysis of financial assets for 2014 receivables 2014 item 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 Past due but not impaired – more than 5 Impaired financial assets Receivables (see note: a) $3,309,000 $2,175,000 $67,000 $33,000 $824,000 $205,000 $5,000 $141,000 2014 carrying amount – $54,958,000 2014 total not past due and not impaired – $53,824,000 2014 total impaired financial assets – $141,000 Note: (a) The amount of receivables excludes GST recoverable from the ATO (statutory receivable). Liquidity risk and interest rate exposure The following details the Commission’s interest rate exposure and the contractual maturity analysis for financial assets and financial liabilities. The maturity analysis section includes interest and principal cash flows. The interest rate exposure section analyses only the carrying amount of each item. 2015 interest rate exposure and maturity analysis of financial assets and financial liabilities Financial assets: • Cash and cash equivalents – carrying amount (non-interest bearing) $5,722,000 • Restricted cash and cash equivalents – carrying amount (non-interest bearing) $20,936,000 • Receivables (see note a) – carrying amount (non-interest bearing) $2,563,000 • Amounts receivable for services – carrying amount (non-interest bearing) $45,295,000
Disability-Services-Commission-2014-2015-Annual-Report-full_accessible.docx