download - South West Alliance of Rural Health

Floating 1 year 1 to 5 Non Interest Book Value Net Fair Value
Interest Rate or less years Bearing 2004/05 2004/05
$000 $000 $000 $000 $000 $000
Financial Liabilities
Trade creditors and accruals - - - 3,209 3,209 3,209
Advances - 21 - 21 21
Borrowings - 12 8 - 20 20
Total Financial Liabilities - 33 8 3,209 3,250 3,250
Net Financial Asset/Liabilities 8,402 -12 14 -87 8,317 8,317
Weighted Average Interest Rate = 3.20% 5.48%
Interest rate exposure as at 30/06/2004
Floating 1 year 1 to 5 Non Interest Book Value Net Fair Value
Interest Rate or less years Bearing 2003/04 2003/04
$000 $000 $000 $000 $000 $000
Financial Assets
Cash at bank 10,445 - - - 10,445 10,445
Trade debtors - - - 845 845 845
Other receivables - - - 1,817 1,817 1,817
Deposits - 127 - - 127 127
Prepayments - - - 99 99 99
Other financial assets - - 22 - 22 22
Total Financial Assets 10,445 127 22 2,761 13,355 13,355
Financial Liabilities
Trade creditors and accruals - - - 4,684 4,684 4,684
Advances - 127 - - 127 127
Borrowings - 12 21 - 33 33
Total Financial Liabilities - 139 21 4,684 4,844 4,844
Net Financial Asset/Liabilities 10,445 -12 1 -1,923 8,511 8,511
Weighted Average Interest Rate = 2.66% 5.09%
*Net fair values are capital amounts
(Net fair values of financial instruments are determined on the following bases:
i. Cash, deposit investments, cash equivalents and non-interest bearing financial assets and liabilities (trade debtors, other receivables,
trade creditors and advances) are valued at cost which approximates net market value
ii
Interest bearing liabilities amounts are based on the present value of expected future cash flows discounted at current market interest
rates quoted for trade Treasury Corporation of Victoria.)
(b) Credit Risk Exposure
Credit risk represents the loss that would be recognised if couterparties fail to meet their obligations under the respective contracts at
maturity. The credit risk on financial assets of the entity have been recognised on the statement of financial position, as the carrying
amount, net any provisions for doubtful debts.
(c) Net Fair Value of Financial Assets and Liabilites
The net fair value of on-balance sheet financial assets and liabilities are not materially different to the carrying value of the financial
assets liabilities.
NOTE 20: EQUITY & RESERVES
2004/05 2003/04
(a) Reserves $000 $000
Asset Revaluation Reserve
Balance at the beginning of the reporting period 16,805 16,805
Increase in Land during the year 1,704 -
Balance at the end of the reporting period 18,509 16,805
Specific Purpose Reserve
Balance at the beginning of the reporting period 22 22
Balance at the end of the reporting period 22 22
Total Reserves 18,531 16,827
(b) Contributed Capital
Balance at the beginning of the reporting period 48,346 48,346
Balance at the end of the reporting period 48,346 48,346
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