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Note 5: Financial assets

	2012 $’000	2011 $’000
All receivables are expected to be recovered in no more than 12 months.
Note 5a: Cash and cash equivalents
Cash on hand or on deposit	706	1,291
Total cash and cash equivalents	706	1,291
Note 5b: Trade and other receivables
Goods and services:
Goods and services – related entities	3,802	3,423
Goods and services – external parties	238	174
Total goods and services receivable	4,040	3,597
Appropriations receivable:
For existing programs	21,980	20,469
Total appropriations receivable	21,980	20,469
Other receivables:
GST receivable from the Australian Taxation Office	163	199
Incentive receivable	25	25
Total other receivables	188	224
Total trade and other receivables (gross)	26,208	24,290
Less: impairment allowance account - goods and services	(6)	(8)
Total trade and other receivables (net)	26,202	24,282
Receivables are aged as follows:
Not overdue	25,667	23,617
Overdue by:
0 to 30 days	430	423
31 to 60 days	49	84
61 to 90 days	8	52
More than 90 days	54	114
	541	673
Total receivables (gross)	26,208	24,290
The impairment allowance account is aged as follows:
Overdue by:
more than 90 days	(6)	(8)
Total impairment allowance account	(6)	(8)
Reconciliation of impairment allowance account
Opening balance	(8)	(12)
Amounts written-off	5	5
Amounts recovered and reversed	2	7
(Increase) / decrease recognised in net surplus	(5)	(8)
Closing balance	(6)	(8)

Last reviewed:

11 May 2018