Annual Report 2005 - Publications Unit - The University of Western ...

39. Supplementary financial information(a) Write-offsTHE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2005Bad debts and other write-offs, written off by the Senate during the financial year:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000Receivables 136 383 136 383Assets 296 - 296 -432 383 432 383(b) Losses through theft, default and other causesUniversity2005 2004$ ’000 $ ’000Losses through theft and default 51 101Insurance recovery (39) (90)12 1140. Related party transactions(a) SubsidiariesInterests in subsidiaries are set out in note 41.(b) Transactions with related partiesThe following transaction occurred with related parties:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000Sales of goods and servicesSubsidiaries - - 76 12Associates 48 86 48 86Purchase of goods and servicesSubsidiaries - - 646 25Loan to subsidiaries - - 433 -Grants to subsidiaries - - 140 50(c) Outstanding balancesThe following balances are outstanding at the reporting date in relation to transactions with related parties:ConsolidatedUniversity2005 2004 2005 2004$ ’000 $ ’000 $ ’000 $ ’000Current receivables (sales of goods and services)Subsidiaries - - 95 1Associates 1 11 1 11Non-current receivables (loans)Subsidiaries - - 433 -Current payables (purchases of goods)Subsidiaries - - 73 -No provisions for doubtful debts have been raised in relation to any outstanding balances, and no expense has been recognisedin respect of bad or doubtful debts from related parties.(d) Terms and conditionsAll transactions were made on normal commercial terms and conditions and at market rates.Outstanding balances are unsecured and are repayable in cash.65