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. |
||
Visit
https://www.transparency.gov.au/annual-reports/administrative-appeals-tribunal/reporting-year/2018-2019-40