amortised cost Restricted $46,455,000 $33,478,000 $12,978,000 (c) Financial instrument disclosure cash and Credit risk and interest rate risk exposures cash The following tables disclose the department’s maximum exposure to equivalents Financial $669,000 $0 $669,000 credit risk, interest rate exposures and the ageing analysis of assets financial assets. The department’s maximum exposure to credit risk Amounts $42,527,000 $0 $42,527,000 at the end of the reporting period is the carrying amount of financial receivable assets as below. The table discloses the ageing of financial for services assets that are past due but not impaired and impaired financial Receivables $9,248,000 $0 $9,248,000 assets. The table is based on information provided to senior $111,241,000 $33,478,000 $77,763,000 management of the department. financial assets The department does not hold any collateral as security or credit enhancements relating to the financial assets it holds. 2009 Interest Rate Exposure The department does not hold any financial assets that had to have Financial Carrying Variable their terms renegotiated that would have otherwise resulted in them assets amount interest being past due or impaired. rate bearing amount Interest rate exposures and ageing analysis of financial assets. Cash and cash $10,351,000 $0 $10,351,000 The 2010 weighted average effective interest rate was 4.00% (2009: equivalents 5.38%) Restricted $43,942,000 $33,674,000 $10,268,000 cash and cash 2010 Interest Rate Exposure equivalents Financial Carrying Variable Financial $435,000 $0 $435,000 assets amount interest assets rate bearing Amounts $38,574,000 $0 $38,574,000 amount receivable for Cash and $12,341,000 $0 $12,341,000 services cash Receivables(a) $13,540,000 $0 $13,540,000 equivalents
amortised cost (c) Financial instrument disclosure Credit risk and interest rate risk exposures The following tables disclose the department’s maximum exposure to credit risk, interest rate exposures and the ageing analysis of financial assets. The department’s maximum exposure to credit risk at the end of the reporting period is the carrying amount of financial assets as 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 department. The department does not hold any collateral as security or credit enhancements relating to the financial assets it holds. The department does not hold any financial assets that had to have their terms renegotiated that would have otherwise resulted in them being past due or impaired. Interest rate exposures and ageing analysis of financial assets. The 2010 weighted average effective interest rate was 4.00% (2009: 5.38%) 2010 Interest Rate Exposure Financial assets Carrying amount Variable interest rate amount bearing Cash and cash equivalents $12,341,000 $0 $12,341,000 Restricted cash and cash equivalents $46,455,000 $33,478,000 $12,978,000 Financial assets $669,000 $0 $669,000 Amounts receivable for services $42,527,000 $0 $42,527,000 Receivables $9,248,000 $0 $9,248,000 financial assets $111,241,000 $33,478,000 $77,763,000 2009 Interest Rate Exposure Financial assets Carrying amount Variable interest rate amount bearing Cash and cash equivalents $10,351,000 $0 $10,351,000 Restricted cash and cash equivalents $43,942,000 $33,674,000 $10,268,000 Financial assets $435,000 $0 $435,000 Amounts receivable for services $38,574,000 $0 $38,574,000 Receivables(a) $13,540,000 $0 $13,540,000
Department%20of%20Agriculture%20and%20Food%20Annual%20report%202010%20-%20Word.docx