Annual Report 2015–2016
16243_nhmrc_annual_report_2015-16_web_2
16243_nhmrc_annual_report_2015-16_web_2
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Note 7.2 Financial Instruments<br />
2016 2015<br />
$'000 $'000<br />
Note 7.2A: Categories of Financial Instruments<br />
Financial Assets<br />
Loans and receivables<br />
Cash and cash equivalents 409 389<br />
Trade receivables 939 92<br />
Total loans and receivables 1,348 481<br />
Total financial assets 1,348 481<br />
PART 5 financial report<br />
Financial Liabilities<br />
Financial liabilities measured at amortised cost<br />
Trade creditors 125 564<br />
Other payables 2,527 1,828<br />
Total financial liabilities measured at amortised cost 2,652 2,392<br />
Total financial liabilities 2,652 2,392<br />
The NHMRC did not receive any income or incur any expense related to financial assets or financial liabilities disclosed above<br />
for the period ended 30 June 2016 (2015: Nil)<br />
Accounting Policy<br />
The NHMRC classifies its financial assets in the following category: financial assets at fair value through profit or loss.<br />
The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Financial assets<br />
are recognised and derecognised at fair value through profit or loss.<br />
Financial assets are assessed for impairment at the end of each reporting period. If there is objective evidence that an impairment loss has been<br />
incurred, the amount of the impairment loss is the difference between the carrying amount of the asset and the present value of the estimated<br />
future cash flows discounted at the current market rate for similar assets.<br />
Note 7.2B: Fair Value of Financial Instruments<br />
Carrying Fair Carrying Fair<br />
amount value amount value<br />
2016 2016 2015 2015<br />
$'000 $'000 $'000 $'000<br />
Financial Assets<br />
Cash and cash equivalents 409 409 389 389<br />
Trade and other receivables 939 939 92 92<br />
Total 1,348 1,348 481 481<br />
Financial Liabilities<br />
Trade creditors 125 125 564 564<br />
Other payables 2,527 2,527 1,828 1,828<br />
Total 2,652 2,652 2,392 2,392<br />
There are no differences between carrying amount and fair value for 2016 and 2015 for Financial Assets and Financial Liabilities.<br />
152<br />
<strong>Annual</strong> <strong>Report</strong> of the National Health and Medical Research Council <strong>2015–2016</strong>
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