Portland District Health Annual Report 2005 - South West Alliance of ...

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Portland District HealthNotes to and Forming Part of the Financial Statements for the Year Ended 30 June 2005Note 6: Financial Instruments(a) Interest Rate Risk ExposureThe Hospital’s exposure to interest rate risk and effective weighted average interest rate by maturity periods is set out in the following timetable. Forinterest rates applicable to each class of asset or liability refer to individual notes to the financial statements. Exposure arises predominantly fromassets and liabilities bearing variable interest rates.WeightedInterest Rate Exposure as at 30/6/2005 Average Interest Floating 1 Year Greater thanRates Interest Rate or Less 1 Year 2004-05 2003-04% $’000 $’000 $’000 $’000 $’000Financial AssetsCash Assets 2.6% - - - - 286Receivables 2.3% 615 - 842 1,457 954Other Assets 2.3% 216 - - 216 471-Total Financial Assets 831 - 842 1,673 1,711Financial LiabilitiesPayables 3.5% 1,237 - - 1,237 1,254Borrowings:- Overdraft 3.8% 123 - - 123 -- Lease 8.7% 4 - - 4 216- Treasury Corporation Victoria - Current 5.7% 171 - - 171 240- Treasury Corporation Victoria - Non-Current 5.7% 1,793 1,793 1,715Total Financial Liabilities 3,328 - - 3,328 3,425Net Financial Assets and Liabilities (2,497) - 842 (1,655) (1,714)(b) Credit Risk ExposureCredit risk represents the loss that would be recognised if counterparties fail to meet their obligations under the respective contracts at maturity. Thecredit risk on financial assets of the entity have been recognised on the statement of financial position, as the carrying amount, net any provisionsfor doubtful debts.(c) Net Fair Value of Financial Assets and LiabilitiesThe carrying amount of financial assets and liabilities contained within these financial statements is representative of the net fair value of eachfinancial asset or liability.2004-05 2003-04Net Fair Value Book Net Book NetValue Fair Value FairValueValue$’000 $’000 $’000 $’000Financial AssetsCash at Bank - - 286 286Trade Debtors 1,457 1,457 954 954Other Assets 216 216 471 471Total Financial Assets 1,673 1,673 1,711 1,71Financial LiabilitiesPayables 1,237 1,237 1,254 1,254Borrowings* 298 298 2,171 2,171Total Financial Liabilities 1,535 1,535 3,425 3,425*Net fair values are capital amounts(Net fair values of financial instruments are determined on the following basis:1. Cash, deposit investments, cash equivalents and non-interest bearing financial assets and liabilities (trade debtors, other receivables, trade creditorsand advances) are valued at cost which approximates net fair value.2. Interest Bearing Liabilities amounts are based on the present value of expected future cash flows, discounted at current market interest rates,quoted for trade (Treasury Corporation of Victoria)62
Portland District HealthNotes to and Forming Part of the Financial Statements for the Year Ended 30 June 2005Note 7: Cash AssetsOperating Capital2005 2004$’000 $’000 $’000 $’000Current - - - 286A.N.Z. Bank - - - 286Note 8: Receivables2005 2004Current $’000 $’000Patient Debtors 199 162Other Trade Debtors 323 95Revenue Receivable - DHS - 72Revenue Receivable - Other 70 -South West Alliance of Rural Hospitals 36 10Total Current 628 339Non CurrentDHS Debtor 842 628Total Non Current 842 628Total Receivables 1,470 967Less Provision for Doubtful Debts (13) (13)Total 1,457 954Note 9: Inventory 2005 2004$’000 $’000Pharmaceuticals 44 62Catering Supplies 24 22House Keeping Supplies 15 18Medical and Surgical Supplies 104 110Administration Stores 35 30Total Inventory 222 242Note 10: Other Financial Assets2005 2004$’000 $’000Money Held in Trust 16 29Refundable Entrance Fees 80 263SRS Ingoing Debtors 120 179Total Other Assets 216 47163
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Portland District HealthAnnual & Qu
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PORTLAND DISTRICT HEALTH2nd Annual
Page 6 and 7:
DIRECTOR OFMEDICAL SERVICESAudiolog
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President & Chief Executive Officer
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Primary Care ServicesOur primary ca
Page 12 and 13:
Services provided in 2004/05During
Page 14 and 15: findings in other organisations, de
Page 16 and 17: Patient Education - MedicationsInvo
Page 18 and 19: Complaints and ComplimentsBecause y
Page 20 and 21: During the hospital stay there is a
Page 22 and 23: usy year. 364 client’s accessed s
Page 24 and 25: The increased demands for documenta
Page 26 and 27: Medical Services DivisionKey Points
Page 28 and 29: Primary and Community Health Servic
Page 30 and 31: Shire, Windamara, Dhauwurd-WurrungA
Page 32 and 33: Performance2005 has seen the birth
Page 34 and 35: activity was held at the Portland K
Page 36 and 37: We would like to thank the Engineer
Page 38 and 39: information that will help us to en
Page 40 and 41: Sea View House ~ A Resident’s Vie
Page 42 and 43: Comparative Statistics for the Past
Page 44 and 45: Comparative Financial Analysis2003/
Page 46 and 47: Officers and Office BearersNursing
Page 48 and 49: Donors & SponsorsDonors $ $Dipalo,
Page 50 and 51: This page has been left blank inten
Page 52 and 53: Portland District HealthAccountable
Page 54 and 55: Portland District HealthStatement o
Page 56 and 57: Portland District HealthNotes to an
Page 74: Portland District HealthNotes to an
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