Interest rate risk The Commission’s financial assets and liabilities are predominantly non-interest bearing. The interest rate risk is not considered material in the context of the overall activity of the Commission. Credit risk The Commission is exposed to credit risk to the extent of non-performance by its counterparties in respect of financial assets receivable. The majority of those financial assets that are receivable are not material. The Commission is not, therefore, exposed to significant credit risk. 9a. Trade and other receivables 31 March 2016 31 March 2015 £’000 £’000 Amounts falling due within one year Trade receivables 1 85 Prepayments and accrued income 655 620 receivables: Access to Work 20 35 Other 16 63 Total 692 803 9b. and other receivables: intra-government balances 31 March 2016 31 March 2015 £’000 £’000 Amounts falling due within one year Balances with: Other Central Government bodies 54 182 authorities 127 50 Balances with bodies external to 511 571 Government Total 692 803
Interest rate risk The Commission’s financial assets and liabilities are predominantly non-interest bearing. The interest rate risk is not considered material in the context of the overall activity of the Commission. Credit risk The Commission is exposed to credit risk to the extent of non-performance by its counterparties in respect of financial assets receivable. The majority of those financial assets that are receivable are not material. The Commission is not, therefore, exposed to significant credit risk. 9a. Trade and other receivables 31 March 2016 31 March 2015 £’000 £’000 Amounts falling due within one year Trade receivables 1 85 Prepayments and accrued income 655 620 receivables: Access to Work Other 20 16 35 63 Total 692 803 9b. and other receivables: intra-government balances 31 March 2016 31 March 2015 £’000 £’000 Amounts falling due within one year Balances with: Other Central Government bodies 54 182 authorities 127 50 Balances with bodies external to Government 511 571 Total 692 803
annual_report_and_accounts_2015-16_accessible_version.docx