Department of Education

16.13
Categories of
administered
financial
assets and
liabilities
2011
$’000
2010
$’000
Administered financial assets
Cash and cash equivalents – –
Loans and receivables 8 11
Total 8 11
16.14
Comparison
between
carrying
amount and
net fair value
of financial
assets and
liabilities
Carrying
amount
2011
$’000
Net fa ir
value
2011
$’000
Carrying
amount
2010
$’000
Net fa ir
value
2010
$’000
Administered financial assets
Receivables 8 8 11 11
Total financial assets 8 8 11 11
Financial liabilities
Total financial liabilities – – – –
Note 17: Transactions and balances relating to a
trustee or agency arrangement
Account name
Opening balance
1 July 2010
$’000
Net transactions
during 2010–11
$’000
Closing balance
30 June 2011
$’000
Critchley Parker Junior Student Loan Fund 18 1 19
Sir John Morris Memorial Fund 1,123 61 1,184
TM Crisp Memorial Sporting Library 16 – 16
The department acts under a trustee arrangement in the administration of certain library and student funds.
These funds are neither administered nor controlled. Accordingly they are not recognised in the financial
statements. However, disclosure is made in aggregate the amount collected and distributed to external parties
during the reporting period and any amount undistributed at 30 June 2011.
126
Financial Statements – Notes