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Assets and Liabilities Administered on Behalf of the Government

This section analyses assets used to conduct operations and the operating liabilities incurred as a result the AAT does not control but administers on behalf of the Government. Unless otherwise noted, the accounting policies adopted are consistent with those applied for departmental reporting.

4.1 Administered - financial assets

$’000

$’000

4.1A: Cash and cash equivalents

Cash on hand or on deposit

560

308

Total cash and cash equivalents

560

308

4.1B: Trade and other receivables

Other receivables

Fees

15,008

12,792

Total other receivables

15,008

12,792

Total trade and other receivables (gross)

15,008

12,792

Less impairment allowance

(14,820)

(9,978)

Total trade and other receivables (net)

188

2,814

Credit terms for goods and services were within 30 days (2018: 30 days).

Reconciliation of the impairment allowance

Movements in relation to 2019

Other receivables

$'000

As at 1 July 2018

9,978

Amounts written off

(1,191)

Amounts recovered and reversed

-

Increase/(Decrease) recognised in net cost of services

4,092

Adjustment from adoption of AASB 9

1,941

Total as at 30 June 2019

14,820

Movements in relation to 2018

Other receivables

$'000

As at 1 July 2017

7,343

Amounts written off

(1,653)

Amounts recovered and reversed

-

Increase/(Decrease) recognised in net cost of services

4,288

Total as at 30 June 2018

9,978

Other receivable fees

Fees represents application fee payable to AAT at the time of lodgement of an application. Fees are held for the purpose of collecting the contractual cash flow adjusted for any loss allowance.

4.2 Administered - payables

2019

2018

$’000

$’000

4.2A: Suppliers

Trade creditors and accruals

718

287

Total suppliers

718

287

Settlement was usually made within 30 days.