Notes to the Financial Statements (Cont...) as at 30 June 2013 Entire Operations Â
Native Title
2013
2012
2013
2012
$
$
$
$
Note 7 Financial Assets Note 7A Cash and cash equivalents Cash on hand
1,000
1,000
Cash on deposit
6,963,210
8,536,970
(1,054,817)
2,646,414
Total cash and cash equivalents
6,964,210
8,537,970
(1,053,817)
2,647,414
2,294,785
2,619,714
845,059
525,773
1,000
1,000
Cash at bank earns interest at tiered interest rates determined by the bank. Note 7B Trade and Other Receivables Trade receivables Less: Provision for doubtful debts
(286,673) 2,008,112
GST receivable Income receivable Other receivables Total Trade and other receivables (net)
(483,155) 2,136,559
(29,154)
55,205
1,409,964
3,435,242
(55,701)
(72,905)
789,358
452,868
(23,811)
55,205
221,693
250,896
180,638
146,921
167,934
127,265
3,569,560
5,773,926
1,155,174
886,234
676,515
381,402
-
53,083
All receivables are current assets. Receivables are aged as follows: Overdue by: Less than 30 days
1,503,320
1,713,969
30 to 60 days
287,626
668,442
60 to 90 days
20,243
80,319
69,471
483,596
156,985
99,073
65,539
2,294,785
2,619,714
845,059
525,773
More than 90 days Total Trade receivables (gross)
25,748
Allowance for Doubtful Debts is aged as follows: Overdue by: Less than 30 days
-
-
-
-
30 to 60 days
-
-
-
-
60 to 90 days
-
-
-
-
More than 90 days
286,673
483,155
55,701
72,905
Total Allowance for Doubtful Debts
286,673
483,155
55,701
72,905
383,967
383,967
383,967
383,967
Note 7C Other Investments Deposits
Short term deposits are made with varying periods of between six and nine months depending on the immediate cash requirements of the Association, and earn interest at the respective short term deposit rates.
Yamatji Marlpa ANNUAL REPORT 2013 I 85