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Notes to and forming part part <strong>of</strong> <strong>of</strong> the the Financial Statements<br />

Financial sTATEMENTS Part 7<br />

Note 15B:<br />

Fair Values <strong>of</strong> Financial Assets and Liabilities<br />

2006 2005<br />

Total Aggregate Total Aggregate<br />

Carrying Fair Carrying Fair<br />

Amount Value Amount Value<br />

Notes $ $ $ $<br />

Departmental Financial Assets<br />

Cash 6A 3,859,311 3,859,311 3,761,654 3,761,654<br />

Accrued revenue 6C 426,271 426,271 537,786 537,786<br />

Receivables for goods and services<br />

(gross)<br />

6B<br />

160,991 160,991 98,903 98,903<br />

Total Financial Assets 4,446,573 4,446,573 4,398,343 4,398,343<br />

Financial Liabilities (Recognised)<br />

Trade creditors 8A 1,832,271 1,832,271 1,948,187 1,948,187<br />

Total Financial Liabilities (Recognised) 1,832,271 1,832,271 1,948,187 1,948,187<br />

Note 15C: Credit Risk Exposures<br />

The <strong>Court</strong>'s maximum exposures to credit risk at <strong>report</strong>ing date in relation to each class <strong>of</strong> recognised financial assets<br />

is the carrying amount <strong>of</strong> those assets as indicated in the Balance Sheet.<br />

The <strong>Court</strong> has no significant exposures to any concentrations <strong>of</strong> credit risk.<br />

All figures for credit risk referred to do not take into account the value <strong>of</strong> any collateral or other security.<br />

150<br />

<strong>Family</strong> <strong>Court</strong> <strong>of</strong> Australia Annual Report 2005–2006

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