2012 Annual Report - Ballarat Health Services

Note 16: Financial Instruments
(a) Financial Risk Management Objectives and Policies
Ballarat Health Service’s principal fi nancial instruments comprise of:
- Cash Assets
- Term Deposits
- Receivables (excluding statutory receivables)
- Available for sale Financial Assets
- Payables (excluding statutory payables)
- Accommodation Bonds
Notes to and forming part of the fi nancial statements for the year ended 30 June 2012.
Details of the signifi cant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and
expenses are recognised, with respect to each class of fi nancial asset, fi nancial liability and equity instrument are disclosed in Note 1 to the fi nancial statements.
The main purpose in holding fi nancial instruments is to prudentially manage Ballarat Health Services fi nancial risks within the government policy parameters.
Categorisation of Financial Instruments
Carrying Amount
2012
$000
Carrying Amount
2011
$000
Financial Assets
Cash and cash equivalents 16,083 16,245
Receivables 6,855 5,951
Available for Sale 35,968 22,446
Total Financial Assets (i) 58,906 44,642
Financial Liabilities
Payables 21,070 18,579
Accommodation Bonds 17,171 18,980
Monies Held in Trust 1,751 1,206
Other Liabilities 168 205
Total Financial Liabilities (ii) 40,160 38,970
(i) The total amount of fi nancial assets disclosed here excludes statutory receivables (i.e. GST input tax credit recoverable).
(ii) The total amount of fi nancial liabilities disclosed here excludes statutory payables (i.e. Taxes payables).
Net holding gain/(loss) on fi nancial instruments by category
Carrying Amount
2012
$000
Carrying Amount
2011
$000
Financial Assets
Cash and cash equivalents (i) 1,048 587
Designated at fair value through profi t or loss (ii) - (505)
Receivables (9) (8)
Available for Sale (i) 1,440 3,243
Total Financial Assets 2,479 3,317
Financial Liabilities
Accommodation Bonds 72 69
Total Financial Liabilities 72 69
(i) For cash and cash equivalents, loans and receivables and available-for-sale fi nancial assets, the net gain or loss is calculated by taking the interest revenue, plus or minus
foreign exchange gains or losses arising from revaluation of the fi nancial assets, and minus any impairment recognised in the net result.
(ii) For fi nancial assets and liabilities that are held-for-trading or designated at fair value through profi t or loss, the net gain or loss is calculated by taking the movement In
the fair value of the fi nancial asset or liability.
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