annual report 2011

IOOF | annual report 2011
Notes to the financial statements (cont’d)
For the year ended 30 June 2011
Maturities of assets and liabilities
The tables below analyse the Group’s assets and liabilities into current and non-current groupings. Assets and liabilities are classified
as current where it is expected to be recovered or settled within 12 months from balance date. The amounts disclosed therein are the
carrying values of the assets and liabilities.
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Current assets
Cash and cash equivalents 152,999 132,780 45,959 617
Receivables 68,540 62,668 3,584 789
Other financial assets 42,840 31,293 61,819 35,106
Other assets 13,887 12,639 - -
Investments backing policyholder liabilities 968,017 1,023,476 - -
Total Current assets 1,246,283 1,262,856 111,362 36,512
Non-Current assets
Receivables 4,528 5,000 10,758 10,758
Investments in equity-accounted investees 14,739 12,891 - -
Other financial assets 17,733 16,461 850,660 849,796
Other assets 11,074 15,169 - -
Property and equipment 12,553 8,165 - -
Goodwill 491,856 491,856 - -
Other intangible assets 258,997 276,694 - -
Deferred tax assets - 10,657 - 778
Total Non-Current assets 811,480 836,893 861,418 861,332
Current liabilities
Payables 50,637 48,401 70 80
Borrowings 19 14,593 - -
Current tax liabilities 32,108 23,093 29,387 20,563
Provisions 35,706 41,263 - 550
Other liabilities 5,639 5,924 - -
Policy liabilities 968,017 1,022,730 - -
Total Current liabilities 1,092,126 1,156,004 29,457 21,193
Non-Current liabilities
Payables 27 - - -
Borrowings 19 35 10,000 10,000
Other financial liabilities 43,112 37,357 - -
Provisions 4,673 4,325 - -
Deferred tax liabilities 4,074 - 13,113 -
Other liabilities 11,754 15,074 - -
Total Non-Current liabilities 63,659 56,791 23,113 10,000
Net Assets 901,978 886,954 920,210 866,651
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