Skip to content
Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Note 5: Financial Assets

2012
2011
$’000
$’000
Note 5A: Cash and Cash Equivalents
Special Accounts
1,640
8,581
Cash held by outsiders
234
338
Cash on hand or on deposit
52,913
49,241
Total cash and cash equivalents
54,787
58,160
Note 5B: Trade and Other Receivables
Goods and Services:
Goods and services - related entities
20,234
28,814
Goods and services - external parties
4,096
1,913
Total receivables for goods and services
24,330
30,727
Appropriations receivable:
For existing programs
Overseas Property Office
438,950
384,670
Other Departmental
459,047
435,065
Total appropriations receivable
897,997
819,735
Other receivables:
GST receivable from the Australian Taxation Office
2,693
1,751
Advances
8,704
9,340
Other
10,527
19,539
Total other receivables
21,924
30,630
Total trade and other receivables (gross)
944,251
881,092
Less impairment allowance account:
Goods and services
(453)
(309)
Total impairment allowance account
(453)
(309)
Total trade and other receivables (net)
943,798
880,783
Receivables are expected to be recovered in:
No more than 12 months
937,154
873,530
More than 12 months
6,644
7,253
Total trade and other receivables (net)
943,798
880,783
Receivables are aged as follows:
Not overdue
932,521
869,216
Overdue by:
0 to 30 days
1,929
3,164
31 to 60 days
1,830
95
61 to 90 days
734
234
More than 90 days
7,237
8,382
Total receivables (gross)
944,251
881,092
The impairment allowance account is aged as follows:
Not overdue
-
-
Overdue by:
0 to 30 days
-
-
31 to 60 days
-
-
61 to 90 days
-
-
More than 90 days
453
309
Total impairment allowance account
453
309
Credit terms were within 30 days (2011: 30 days).

Reconciliation of the Impairment Allowance Account:
Movements in relation to 2012
Goods and services
Other receivables
Total
$'000
$'000
$'000
Opening balance
-
309
309
Amounts written off
-
-
-
Amounts recovered and reversed
-
(7)
(7)
Increase/decrease recognised in net surplus
122
29
151
Closing balance
122
331
453
Movements in relation to 2011
Goods and
Other
services
receivables
Total
$'000
$'000
$'000
Opening balance
61
328
389
Amounts written off
-
-
-
Amounts recovered and reversed
(61)
(25)
(86)
Increase/decrease recognised in net surplus
-
6
6
Closing balance
-
309
309

Department of Foreign Affairs and Trade