AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
18(d) Fair values of financial instruments (cont.)
CoNsoLIDAteD Notes
CARRyIng AMOunt net FAIR vAlue
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Financial assets
Cash and cash equivalents 7(a) 18,722 18,140 18,722 18,140
Receivables for goods and services (net) 7(b) 16,898 15,668 16,898 15,668
Investments 7(c) 22,004 35,129 22,043 35,102
total financial assets 57,624 68,937 57,663 68,910
Financial liabilities
Loans from Government 10(a) 6,021 12,126 6,155 12,136
Suppliers – trade creditors 9(a) 16,814 20,838 16,814 20,838
Other payables (salaries and superannuation) 9(b) 2,760 2,072 2,760 2,072
Tax liabilities 6 339 280 339 280
total financial liabilities 25,934 35,316 26,068 35,326
There are no unrecognised financial assets or liabilities.
CoRPoRAtIoN Notes
CARRyIng AMOunt net FAIR vAlue
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Financial assets
Cash 7(a) 17,843 15,061 17,843 15,061
Receivables for goods and services (net) 7(b) 15,937 15,474 15,937 15,474
Investments 7(c) 22,004 34,329 22,043 35,102
total financial assets 55,784 64,864 55,823 65,637
Financial liabilities
Loans from Government 10(a) 6,021 12,126 6,155 12,136
Suppliers – trade creditors 9(a) 16,244 19,676 16,244 19,676
Other payables (salaries and superannuation) 9(b) 2,693 2,017 2,693 2,017
total financial liabilities 24,958 33,819 25,092 33,829
There are no unrecognised financial assets or liabilities.
18(e) Credit risk
The economic entity’s maximum exposures to credit risk at reporting date is the carrying amount of receivables for
goods and services, as reported in the balance sheet.
Credit terms for receivables for goods and services are net 45 days for television advertising debtors and 30 days for
other debtors. The economic entity has adopted a policy of rating the creditworthiness of entities before transacting with
them, using information supplied by independent rating agencies where available or appropriate.
Trade receivables for the Corporation consist mainly of accredited advertising agencies and clients spread across diverse
industries and geographical areas.
118 SBS