Department of Transport Annual Report 2010 - 2011

37. Financial Instruments (continued)
(c) Financial instrument disclosures
Credit Risk and Interest Rate Risk Exposures
The following table disclose the Department’s maximum exposure to credit risk, interest rate exposures and the ageing analysis of financial assets. The Department’s
maximum exposure to credit risk at the end of the reporting period is the carrying amount of the financial assets as shown below. The table discloses the ageing of financial
assets that are past due but not impaired and impaired financial assets. The table is based on information provided to senior management of the Department.
The Department does not hold any collateral as security or other credit enhancement relating to the financial assets it holds.
The Department does not hold any financial assets that had to have their terms renegotiated that would have otherwise resulted in them being past due or impaired.
84
Weighted
Average
Effective
Interest Rate
%
Carrying
Amount
$ 000
Interest rate exposure Past due but not impaired
Variable
Interest
Rate
$ 000
Non
Interest
Bearing
$ 000
Up to 3
months
$ 000
3-12
months
$ 000
1-2 years
$ 000
2-5 years
$ 000
More than
5 years
$ 000
Impaired
Financial
Assets
$ 000
Financial assets
2011
Cash and cash equivalents 5.03 27 122 - - - - - - - -
Restricted cash and cash equivalents 5.03 65 092 - - - - - - - -
Receivables (i) - - - - - - - - -
Amounts receivable for services 122 031 - - - - - - - -
214 245 - - - - - - - -
2010
Cash and cash equivalents 4 26 663 11 877 14 786 - - - - - -
Restricted cash and cash equivalents 4 44 591 20 037 24 554 - - - - - -
Receivables (i) 4 661 - 4 661 388 363 78 6 - -
Amounts receivable for services 107 234 - 107 234 - - - - - -
183 149 31 914 151 235 388 363 78 6 - -
(i) The amount of receivables excludes GST recoverable from the Australian Taxation Office (statutory receivable).