Annual Report 2017-18 | Monash Health

Note 7.1: Financial instruments (continued)
(b) Net holding gain/(loss) on financial instruments by category
Notes To the Financial Statements
Monash Health Annual Report 2017/2018
Net Holding
Gain/(Loss) Total
Consolidated
2018 $'000 $'000
Financial Assets
Cash and Cash Equivalents i 2,807 2,807
Investment - Term Deposit 524 524
Financial Assets - Receivables i (2,713) (2,713)
Total Financial Assets 618 618
Financial Liabilities
Financial Liabilities at Amortised Cost ii (54) (54)
Total Financial Liabilities (54) (54)
2017
Financial Assets
Cash and Cash Equivalents i 1,867 1,867
Investment - Term Deposit 1,038 1,038
Receivables i (2,189) (2,189)
Total Financial Assets 716 716
Financial Liabilities
Financial Liabilities at Amortised Cost ii (378) (378)
Total Financial Liabilities (378) (378)
i For cash and cash equivalents and receivables, the net gain or loss is calculated by taking the movement
in the fair value of the asset, the interest revenue, plus or minus foreign exchange gains or losses arising
from revaluation of the financial assets, and minus any impairment recognised in the net result.
ii For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the
interest expense measured at amortised cost.
Categories of financial instruments
Receivables and cash are financial instrument assets with fixed and determinable payments that are not
quoted on an active market. These assets are initially recognised at fair value plus any directly attributable
transaction costs. Subsequent to initial measurement, receivables are measured at amortised cost using the
accrual method (and for assets, less any impairment). Monash Health recognises the following assets in this
category:
· cash and deposits
· receivables (excluding statutory receivables); and
· term deposits
Financial liabilities at amortised cost are initially recognised on the date they are originated. They are
initially measured at fair value plus any directly attributable transaction costs. Subsequent to initial
recognition, these financial instruments are measured at amortised cost with any difference between the
initial recognised amount and the redemption value being recognised in profit and loss over the period of the
interest bearing liability, using the accrual method. Monash Health recognises the following liabilities in this
category:
· payables (excluding statutory payables); and
· borrowings (including finance lease liabilities).
Offsetting financial instruments: Financial instrument assets and liabilities are offset and the net amount
presented in the consolidated balance sheet when, and only when, Monash Health has a legal right to offset
the amounts and intends either to settle on a net basis or to realise the asset and settle the liability
simultaneously.
120 Monash Health Annual Report 2017-18