National Archives of Australia - Annual reports

Note 13B: Credit RiskThe Archives is exposed to minimal credit risk as its financial assets consist only of cash and trade receivables. The maximum exposure to creditrisk is the risk that arises from potential default of a debtor. This amount is equal to the total amount of trade receivables.The Archives holds no collateral to mitigate against credit risk.The following table illustrates the Archives' gross exposure to credit risk, excluding any collateral or credit enhancements.2011 2010$'000 $'000Financial assetsCash and receivablesCash and cash equivalents 175 417Trade receivables 82 176Total 257 593Financial liabilitiesOther liabilitiesSupplier payables 4 362 2 608Total 4 362 2 608Credit quality of financial instruments not past due or individually determined as impairedNot past duenor impaired2011$'000Not past duenor impaired2010$'000Past due orimpaired2011$'000Past due orimpaired2010$'000Cash and receivablesCash and cash equivalents 175 417 - -Trade receivables 58 163 24 13Total 233 580 24 13Financial statements 95