2012 Annual Report - Ballarat Health Services

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Notes to and forming part of the fi nancial statements for the year ended 30 June 2012. (b) Credit Risk Credit risk arises from the contractual fi nancial assets of Ballarat Health Service, which comprise cash and deposits, non statutory receivables and available for sale contractual fi nancial assets. Ballarat Health Services exposure to credit risk arises from the potential default of a counter party on their contractual obligations resulting in the fi nancial lose to Ballart Health Services. Credit risk is measured at fair value and is monitored on a regular basis. In addition, Ballarat Health Services does not engage in hedging for its contractual fi nancial assets and mainly obtains contractual fi nancial assets that are on fi xed interest, except for cash assets, which are mainly cash at bank. Ballarat Health Services is to only deal with banks with high credit ratings. Provision for impairment for contractual fi nancial assets is recognised when there is objective evidence that Ballarat Health Services will not be able to collect a receivable. Objective evidence includes fi nancial diffi culties of the debtor, default payments, debt’s which are more than 60 days overdue, and changes in debtor credit ratings. Except as otherwise detailed in the following table, the carrying amount of contractual fi nancial assets recorded in the fi nancial statements, net of any allowances for losses, represents Ballarat Health Services maximum exposure to credit risk without taking account the value of any collateral obtained. Credit quality of contractual fi nancial assets that are neither past due nor impaired 62 Ballarat Health Services Financial Institutions (AAA Credit Rating) Government Agencies (AAA Credit Rating) Other Total $000 $000 $000 $000 2012 Financial Assets Cash and Cash Equivalents Receivables 16,083 - - 16,083 - Trade Debtors - - 6,855 6,855 - Other Receivables (i) Other Financial Assets 358 - - 358 - Term Deposit 32,800 - - 32,800 - Other Financial Assets - - 1,495 1,495 - Shares in Other Entities 373 - 1,300 1,673 Total Financial Assets 49,614 - 9,650 59,264 2011 Financial Assets Cash and Cash Equivalents Receivables 16,245 - - 16,245 - Trade Debtors - - 5,951 5,951 - Other Receivables (i) Other Financial Assets 14 - 42 56 - Term Deposit 15,000 - - 15,000 - Other Financial Assets - - 5,995 5,995 - Shares in Other Entities 9 - 1,442 1,451 Total Financial Assets 31,268 - 13,430 44,698 (i) The total amounts disclose here excludes statutory amounts (eg; amounts owing from Victorian Government and GST input tax credit recoverable).
Ageing analysis of fi nancial assets as at 30 June Notes to and forming part of the fi nancial statements for the year ended 30 June 2012. Consolidated Not Past Past Due But Not Impaired Imparied Carrying Amount Due and Not Imparied Less than 1 Month 1 - 3 Months 3 Months - 1 Year 1 - 5 Years Financial Assets $000 $000 $000 $000 $000 $000 $000 2012 Financial Assets Cash and Cash Equivalents 16,083 16,083 - - - - - Receivables 6,855 5,592 806 401 56 - - Other Financial Assets 35,968 35,466 - - - - 502 58,906 57,142 806 401 56 - 502 2011 Financial Assets Cash and Cash Equivalents 16,245 16,245 - - - - - Receivables 5,951 4,208 1,154 190 399 - - Other Financial Assets 22,446 21,903 - - - - 543 44,642 42,356 1,154 190 399 - 543 There are no fi nancial assets that have had their terms renegotiated so as to prevent them from being past due or impaired, and they are stated as the carrying amounts as indicated. The ageing analysis table above discloses the ageing only of contractual fi nancial assets that are past due but not impaired. (c) Liquidity Risk Liquidity risk is the risk that Ballarat Health Services would be unable to meet its fi nancial obligations as and when they fall due. Ballarat Health Services maximum exposure to liquidity risk is the carrying amounts of fi nancial liabilities as disclosed in the face of the balance sheet. Ballarat Health Services manages its fi nancial instruments so as to minimise liquidity risk. This is achieved through a combination of daily cash fl ow forecasting and appropriate budget setting and monitoring. Maturity analysis of fi nancial liabilities as at 30 June Carrying Amount Contractual Cash Flows Less than 1 Month Maturity Dates 1 - 3 Months 3 Months - 1 Year 1 - 5 Years $000 $000 $000 $000 $000 $000 2012 Financial Liabilities Creditors 21,070 21,070 21,070 - - - Accommodation Bonds 17,171 17,171 389 993 3,540 12,250 Monies Held in Trust 1,751 1,751 521 666 564 - Other Liabilities 168 168 - - 168 - 40,160 40,160 21,980 1,659 4,272 12,250 2011 Financial Liabilities Creditors 18,579 18,579 18,579 - - - Accommodation Bonds 18,980 18,980 389 994 3,544 14,053 Monies Held in Trust 1,206 1,206 - 99 1,107 - Other Liabilities 205 205 - - 205 - 38,970 38,970 18,968 1,093 4,856 14,053 www.bhs.org.au 63
Page 1 and 2:
ANNUALREPORT 2011-2012
Page 3 and 4:
CONTENTS Profi le of BHS 4 Presiden
Page 5 and 6:
CAPITAL WORKS The 2012-2013 State G
Page 7 and 8:
MENTAL HEALTH SERVICES Mental Healt
Page 9 and 10:
PATIENT THROUGHPUT BHS recorded a r
Page 11 and 12: ORGANISATIONAL CHART Effective 8th
Page 13 and 14: EXECUTIVE TEAM Chief Executive Offi
Page 15 and 16: Director of Anaesthesia Fred Rosewa
Page 17 and 18: STATEMENT OF PRIORITIES Part A: Str
Page 19 and 20: STRATEGIC PRIORITY DELIVERABLES OUT
Page 21 and 22: SERVICE PERFORMANCE WIES ACTIVITY P
Page 23 and 24: Part C: Activity and Funding ACTIVI
Page 25 and 26: CONTRACTS We abide by the Victorian
Page 27 and 28: DISCLOSURE INDEX The annual report
Page 29 and 30: BALLARAT HEALTH SERVICES FINANCIAL
Page 31 and 32: www.bhs.org.au 31
Page 33 and 34: BALLARAT HEALTH SERVICES BALANCE SH
Page 35 and 36: Note 1: Summary of Signifi cant Acc
Page 43 and 44: Notes to and forming part of the fi
Page 45 and 46: Note 2: Revenue Notes to and formin
Page 47 and 48: Note 2(b): Expenses Notes to and fo
Page 49 and 50: Note 2(c): Analysis of Expenses by
Page 51 and 52: Note 2(c): Analysis of Expenses by
Page 53 and 54: Note 3: Depreciation and Amortisati
Page 55 and 56: Note 6: Other Financial Assets Oper
Page 57 and 58: Note 9(b): Intangible Assets Notes
Page 59 and 60: Note 13: Other Liabilities Notes to
Page 61: Note 16: Financial Instruments (a)
Page 65 and 66: Notes to and forming part of the fi
Page 67 and 68: Note 17: Contingent Liabilities Not
Page 69 and 70: Note 20: Jointly Controlled Operati
Page 71 and 72: Note 21: Responsible Person Related
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2012 Annual Report - Ballarat Health Services

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