Education

Note 10: Assets
10.1
Receivables
2013
$’000
2012
$’000
Central office receivables 12,846 8,701
LINC receivables 839 733
Less: Provision for impairment (655) (572)
Total 13,030 8,862
School receivables 4,352 3,415
Less: Provision for impairment (245) (230)
Total 4,107 3,185
Total receivables 17,137 12,047
Comprising
Sale of goods and services (inclusive of GST) 15,407 9,038
Tax assets 1,730 3,009
Total 17,137 12,047
Settled within 12 months 17,137 12,047
Total 17,137 12,047
Reconciliation of movement in provisions for impairment of receivables
2013
$’000
2012
$’000
Carrying amount at 1 July 802 539
Amounts written off during the year (340) –
Increase/(decrease) in provision recognised in profit or loss 438 263
Carrying amount at 30 June 900 802
10.2
Assets held
for sale
2013
$’000
2012
$’000
Land and buildings 11,206 11,427
Total 11,206 11,427
Settled within 12 months 11,206 11,427
Total 11,206 11,427
The assets held for sale consists of land and some buildings which have become surplus to the department’s
requirements. It is intended that these be disposed – either by way of sale or through appropriate property swaps.
Steps have been taken for this purpose and it is likely that the disposals could occur within the next 12 months.
130 Financial Statements » Notes