Department of Transport Annual Report 2010 - 2011
Department of Transport Annual Report 2010 - 2011
Department of Transport Annual Report 2010 - 2011
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18. Receivables<br />
<strong>2011</strong><br />
$ 000<br />
<strong>2010</strong><br />
$ 000<br />
Current<br />
Receivables 7 960 5 446<br />
Allowance for impairment <strong>of</strong> receivables (2 165) (1 118)<br />
Goods and services tax receivable 2 515 1 840<br />
Interest receivable 469 333<br />
8 779 6 501<br />
Reconciliation <strong>of</strong> changes in the allowance for<br />
impairment <strong>of</strong> receivables<br />
Balance at start <strong>of</strong> year 1 118 -<br />
Transfers from other agencies - 1 405<br />
Doubtful debts expense 1 046 ( 286)<br />
Amounts written <strong>of</strong>f during the year ( 7) ( 12)<br />
Amount recovered during the year 8 11<br />
Balance at end <strong>of</strong> year 2 165 1 118<br />
The <strong>Department</strong> does not hold any collateral as security or other credit enhancements relating to<br />
receivables.<br />
See also note 2(p) Receivables and note 37 Financial Instruments<br />
19. Amounts receivable for services<br />
<strong>2011</strong><br />
$ 000<br />
<strong>2010</strong><br />
$ 000<br />
Non-current 122 031 107 234<br />
122 031 107 234<br />
Represents the non-cash component <strong>of</strong> service appropriations (see note 2(n)<br />
Amounts Receivable for Services (Holding Account)). It is restricted in that it can<br />
only be used for asset replacement or payment <strong>of</strong> leave liability.<br />
20. Other assets<br />
<strong>2011</strong><br />
$ 000<br />
<strong>2010</strong><br />
$ 000<br />
Current<br />
Prepayments 1 047 492<br />
Other current assets 18 22<br />
1 065 514<br />
67
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