Annual Report - COMPLETE - Australian Crime Commission
Annual Report - COMPLETE - Australian Crime Commission
Annual Report - COMPLETE - Australian Crime Commission
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Note 5E: Write down of assets<br />
112 I ACC ANNUAL REPORT 2003–04<br />
2004<br />
$<br />
01.01.03-<br />
30.06.03<br />
$<br />
Financial assets<br />
Bad and doubtful debts expense - 228,199<br />
Non Financial Assets<br />
Plant and equipment – revaluation decrement - 175,673<br />
Plant and equipment – write off 81,899 28,636<br />
Total write-down of assets 81,899 432,508<br />
Note 6: Borrowing Cost Expense<br />
Leases 21,444 17,577<br />
Other - 5,216<br />
Total borrowing cost expense 21,444 22,793<br />
Note 7: Financial Assets<br />
Note 7A: Cash<br />
Departmental (other than special accounts)<br />
Asia Pacific Money Laundering Group<br />
Total cash<br />
3,298,919<br />
1,278,881<br />
4,577,800<br />
1,273,376<br />
389,225<br />
1,662,601<br />
Under banking arrangements in place up to 1 July 2003, monies in the Agency’s bank accounts<br />
were swept into the Official Public Account nightly and earned interest on the daily balance at rates<br />
based on money market call rates. Since 1 July 2003, no interest is earned on the Agency’s bank<br />
balances.<br />
Note 7B: Receivables<br />
Goods and services 367,686 502,919<br />
Less: Provision for doubtful debts (128,199) (228,199)<br />
239,487 274,720<br />
GST receivable from the <strong>Australian</strong> Taxation Office 643,353 1,011,427<br />
Appropriations receivable<br />
- undrawn 7,586,293 10,615,293<br />
Total receivables (net) 8,469,133 11,901,440<br />
All receivables are current assets<br />
Receivables (gross) are aged as follows:<br />
Not overdue<br />
Overdue by:<br />
8,410,436 12,045,554<br />
Less than 30 days<br />
9,356<br />
18,073<br />
60 to 90 days<br />
22,389<br />
-<br />
More than 90 days 155,151 66,012<br />
Total receivables (gross) 8,597,332 12,129,639<br />
The provision for doubtful debts is aged as follows:<br />
Not overdue<br />
128,199<br />
-<br />
Overdue<br />
-<br />
228,199<br />
Total provision for doubtful debts 128,199 228,199