2008-2009 Financial and Performance Report - Northeast Health ...
2008-2009 Financial and Performance Report - Northeast Health ...
2008-2009 Financial and Performance Report - Northeast Health ...
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Notes to <strong>and</strong> forming part of the <strong>Financial</strong> Statements<br />
For The Year Ended 30 June, <strong>2009</strong><br />
Note 18: Reconciliation of Net Result for the Year to Net Cash Inflow/(Outflow) from Operating Activities<br />
Total Total<br />
<strong>2009</strong> <strong>2008</strong><br />
$000 $000<br />
Net Result for the Year (1,785) (2,067)<br />
Depreciation & Amortisation 2,562 2,604<br />
Net (Gain)/Loss from Sale of Plant <strong>and</strong> Equipment (75) (66)<br />
Change in Operating Assets & Liabilites<br />
Increase/(Decrease) in Payables (393) (227)<br />
Increase/(Decrease ) in Employee Benefits 2,131 554<br />
(Increase)/Decrease in Receivables 69 830<br />
(Increase)/Decrease in Prepayments (985) (22)<br />
(Increase)/Decrease in Other Assets (16) -<br />
(Increase)/Decrease in Stores 10 (133)<br />
Increase/(Decrease) in Other Liabilities 52 51<br />
Net Cash Inflow/(Outflow) from Operating Activities 1,570 1,524<br />
Note 19: <strong>Financial</strong> Instruments<br />
(a) <strong>Financial</strong> Risk Management Objectives <strong>and</strong> Policies<br />
<strong>Northeast</strong> <strong>Health</strong> Wangaratta's principal financial instruments comprise of:<br />
- Cash Assets<br />
- Term Deposits<br />
- Receivables (excluding statutory receivables)<br />
- Payables (excluding statutory receivables)<br />
Details of the significant accounting policies <strong>and</strong> methods adopted, including the criteria for recognition, the basis of measurement<br />
<strong>and</strong> the basis on which income <strong>and</strong> expenses are recognised, with respect to each class of financial asset, financial liability <strong>and</strong><br />
equity instrument are disclosed in note 1 to the financial statements.<br />
Categorisation of financial instruments<br />
Carrying Carrying<br />
Amount Amount<br />
<strong>2009</strong> <strong>2008</strong><br />
Note Category $000 $000<br />
<strong>Financial</strong> Assets<br />
Cash <strong>and</strong> cash equivalents 6 NA 186 382<br />
Receivables 7 Loans <strong>and</strong> Receivables 1,414 1,523<br />
Other <strong>Financial</strong> assets 8 Loans <strong>and</strong> Receivables 4,051 4,142<br />
<strong>Financial</strong> Liabilities<br />
Payables 13 <strong>Financial</strong> liabilities at amortised cost 3,285 2,556<br />
Interest Bearing Liabilities 14 <strong>Financial</strong> liabilities at amortised cost 167 177<br />
Other Liabilities 16 <strong>Financial</strong> liabilities at amortised cost 199 147<br />
Net holding gain/(loss) on financial instruments by category Carrying Carrying<br />
Amount Amount<br />
<strong>2009</strong> <strong>2008</strong><br />
$000 $000<br />
<strong>Financial</strong> Assets<br />
Cash <strong>and</strong> cash equivalents - -<br />
Receivables - -<br />
Other <strong>Financial</strong> assets 57 53<br />
Total <strong>Financial</strong> Assets 57 53<br />
<strong>Financial</strong> Liabilities<br />
Payables - -<br />
Interest Bearing Liabilities 18 13<br />
Other Liabilities - -<br />
Total <strong>Financial</strong> Liabilities 18 13<br />
38 <strong>Northeast</strong> <strong>Health</strong> Wangaratta
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