Annual Report - Adelaide to Outback GP Training Program

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Notes to the financial statements (continued) for the year ended December 31 2010 NOTE 14: FINANCIAL RISK MANAGEMENT (CONTINUED) (b) Liquidity risk Liquidity risk arises from the possibility that the association might encounter difficulty in settling its debts or otherwise meeting its obligations related to financial liabilities. The association manages this risk through the following mechanisms: • preparing forward-looking cash flow analysis in relation to its operational, investing and financing activities; • only investing surplus cash with major financial institutions; and • proactively monitoring the recovery of receivables. The tables below in Note 14 (a) reflects an undiscounted contractual maturity analysis for financial liabilities. Cash flows realised from financial assets reflect management’s expectation as to the timing of realisation. Actual timing may therefore differ from that disclosed. The timing of cash flows presented in the table to settle finance leases reflect the earliest contractual settlement dates. (c) Credit risk Credit risk faced by the association is not considered significant as also discussed in Note 7. 44
Notes to the financial statements (continued) for the year ended December 31 2010 NOTE 14 (a): FINANCIAL LIABILITY AND FINANCIAL ASSETS MATURITY ANALYSIS 2010 $ Within 1 Year 1 to 5 Years Over 5 Years Total 2009 $ Financial liabilities due for payment Trade and other payables 1,055,785 2,116,150 - - - - 1,055,785 2,116,150 Total contractual outflows 1,055,785 2,116,150 - - - - 1,055,785 2,116,150 2010 $ 2009 $ 2010 $ 2009 $ 2010 $ 2009 $ Total expected outflows 1,055,785 2,116,150 - - - - 1,055,785 2,116,150 Financial assets — cash flows realisable Cash and cash equivalents 1,165,119 1,667,717 - - - - 1,165,119 1,667,717 Trade and other receivables 58,137 202,428 - - - - 58,137 202,428 Total anticipated inflows 1,223,256 1,870,145 - - - - 1,223,256 1,870,145 Net (outflow)/inflow on financial instruments 1,223,256 1,870,145 - - - - 1,223,256 1,870,145 2010 $ Fixed Interest 2009 $ Variable Interest Non-interest Bearing Total 2010 $ NOTE 14 (b): INTEREST RATE ANALYSIS Financial liabilities Trade and other payables - - - - 1,055,785 2,116,150 1,055,785 2,116,150 Total - - - - 1,055,785 2,116,150 1,055,785 2,116,150 2009 $ 2010 $ 2009 $ 2010 $ 2009 $ Financial assets Cash and cash equivalents - - 1,165,119 1,667,717 - - 1,165,119 1,667,717 Trade and other receivables - - - - 58,137 202,428 58,137 202,428 Total - - 1,165,119 1,667,717 58,137 202,428 1,223,256 1,870,145 45
Page 1 and 2: Annual Report 2010
Page 3: Business Context Tenet AOGP’s cor
Page 6 and 7: Key Result Area 4 Leadership The AO
Page 8 and 9: Board 1 2 3 4 2 5 6
Page 10 and 11: Board Sub-Committees Community Stak
Page 12 and 13: Key Result Area 5 Stakeholder Value
Page 14 and 15: Key Result Area 1 Competent and Con
Page 16 and 17: Key Result Area 1 Competent and Con
Page 18 and 19: Education Innovations To see AOGP s
Page 20 and 21: Key Result Area 3 Quality Educators
Page 22 and 23: Education Weekend Nature Vs Nurture
Page 24 and 25: Key Result Area 4 Leadership AOGP i
Page 26 and 27: Research & Publishing Key Result Ar
Page 28 and 29: AOGP Graduates Key Result Area 1 Co
Page 32 and 33: Board report The Board of Adelaide
Page 34 and 35: Statement of comprehensive income f
Page 36 and 37: Statement of changes in equity for
Page 39 and 40: Notes to the financial statements f
Page 41 and 42: Notes to the financial statements (
Page 49: Notes to the financial statements (
Page 53: Statement by the Board In the opini

Annual Report - Adelaide to Outback GP Training Program

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