Disability Services Commission Annual Report

4.1 Financial Statements
(c) Financial Instruments Disclosure
Credit Risk, Liquidity Risk and Interest Rate Risk Exposures
The following table details the exposure to liquidity risk and interest rate risk as at the balance sheet date. The Commission’s maximum exposure to credit risk at the balance sheet date is the carrying
amount of the financial assets as shown on the following table. The table is based on information provided to senior management of the Commission. The contractual maturity amounts in the table are
representative of the undiscounted amounts at the balance sheet date. An adjustment for discounting has been made where material.
The Commission does no hold any collateral as security or other credit enhancements relating to the financial assets it holds.
The Commission 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.
Weighted
Average
Effective
Interest Rate
Variable
Interest
Rate
Non-
Interest
Bearing
Within 1
year
1-2 Years 2-3
Years
Contractual Maturity Dates:
3-4
Years
4-5 Years More than
5 Years
Adjustment for
discounting
Carrying
amount
2008 % $'000 $'000 $’000 $’000 $’000 $'000 $'000 $'000 $'000 $'000
Financial Assets
Cash and cash equivalents
Restricted Cash and cash
equivalents
Receivables
7.015 2,792
- - - 2,792
13,100
- - - 13,100
2,919
2,919
18,811
- - - 18,811
Financial Liabilities
Payables
3,102
- - - 3,102
-
3,102
- 3,102
78 Disability Services Commission Annual Report 2007–2008