2010-11 Annual Report - Taranaki District Health Board

Notes to the Financial Statements
For the Year Ended 30 June 2011
6 FINANCING COSTS Group Parent
2011 2010 2011 2010
$000 $000 $000 $000
Interest on bank overdraft 11 4 11 4
Finance charges payable under finance leases 22 54 22 54
Interest on loans - Crown Health Financing Agency 1,981 1,989 1,981 1,989
2,014 2,047 2,014 2,047
7 CASH AND CASH EQUIVALENTS Group Parent
2011 2010 2011 2010
$000 $000 $000 $000
Cash at bank and in hand 3,069 2,825 2,849 2,776
Short-term deposits maturing within 3 months of acquisition - - - -
Cash and cash equivalents 3,069 2,825 2,849 2,776
Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amounts of cash and cash equivalents represent fair value.
8 TRADE AND OTHER RECEIVABLES Group Parent
2011 2010 2011 2010
$000 $000 $000 $000
Ministry of Health 4,871 4,792 4,871 4,792
Due from subsidiaries 1 - 1 84
Due from associates 100 202 100 202
Due from non-related parties 3,553 2,602 3,487 2,500
Prepayments 320 363 108 68
8,845 7,959 8,567 7,646
Allowance for impairment loss (a) (54) (38) (54) (38)
Carrying amount of trade and other receivables 8,791 7,921 8,513 7,608
(a) Allowance for Impairment Loss
Trade receivables are non-interest bearing and are generally on terms of 20th of month following invoice. An allowance for impairment is calculated on
non commercial debt based on the balance in age bands of the debts as follows: over 30 days (10%), over 60 days (50%), over 90 days (50%).
Movements in the allowance for impairment loss were as follows: Group Parent
2011 2010 2011 2010
$000 $000 $000 $000
At 1 July 38 36 38 36
Charge for the year 70 51 70 51
Amounts written off (54) (49) (54) (49)
At 30 June 54 38 54 38