BankVic Annual Report 2019
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Notes To and Forming Part of<br />
the Financial Statements (continued)<br />
Note 6: Cash and Cash Equivalents<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
Cash on Hand 678 817<br />
Deposits at Call 52,779 46,458<br />
53,457 47,275<br />
Note 7: Receivables due from other Financial Institutions<br />
Negotiable Certificates of Deposit 83,729 94,740<br />
Floating Rate Notes * 195,006 182,950<br />
Term Deposits 57,776 54,776<br />
*As at 30 June <strong>2019</strong> $Nil of FRNs have been subject to repurchase agreement (2018: $39.9m) Refer to note 3<br />
(b).<br />
a. Maturity Analysis<br />
336,511 332,466<br />
Up to 3 months 78,647 125,108<br />
From 3 months to 1 year 95,358 51,058<br />
From 1 year to 5 years 162,506 156,300<br />
Later than 5 years - -<br />
b. Market Value<br />
336,511 332,466<br />
Negotiable Certificates of Deposits, Floating Rate Notes and Term Deposits 341,003 332,039<br />
In <strong>2019</strong>, FRNs and Bank Term Deposits have an average maturity of 573 days (2018: 581 days) with effective interest rates of<br />
1.32% to 3.33% (2018: 1.90% to 4.01%) p.a.<br />
Note 8: Accrued Receivables and Other Assets<br />
Interest receivable 1,377 1,595<br />
Other 1,422 1,261<br />
Note 9: Loans and Advances<br />
2,799 2,856<br />
Continuing credit facilities 21,654 20,914<br />
Other loans and advances * 1,646,356 1,421,200<br />
Directors and Director-related parties 543 547<br />
1,668,553 1,442,661<br />
Provision for impairment (3,986) (1,037)<br />
Net loans and advances 1,664,567 1,441,624<br />
*As at 30 June <strong>2019</strong> $239m (2018: $218m) of loans have been internally securitised via the Impetus Funding Trust No. 1. These loans are treated as on balance<br />
sheet. Refer note 3 (e).<br />
42 | BANKVIC // ANNUAL REPORT <strong>2019</strong>
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