4. Assets and liabilities administered on behalf of government
This section analyses assets used to conduct operations and the operating liabilities incurred as a result which ACIAR 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
4.1A Cash and cash equivalents
2020 | 2019 | |
|---|---|---|
$'000 | $'000 | |
Cash in special accounts | 7,509 | 8,851 |
Cash on hand or on deposit | 10 | 10 |
Total cash and cash equivalents | 7,519 | 8,861 |
4.1B Taxation receivables
2020 | 2019 | |
|---|---|---|
$'000 | $'000 | |
GST receivable from Australian Taxation Office | 499 | 825 |
Total taxation receivables (net) | 499 | 825 |
4.1C Trade and other receivables
2020 | 2019 | |
|---|---|---|
$'000 | $'000 | |
Goods and services receivables | 10 | 1,626 |
Total trade and other receivables (net) | 10 | 1,626 |
No indicators of impairment were found for trade and other receivables.
Trade and other receivables credit terms were within 30 days (2019: 30 days).
4.2: Administered - non-financial assets
4.2 Other non-financial assets
2020 | 2019 | |
|---|---|---|
$’000 | $’000 | |
Prepayments | 26 | 54 |
Total other non-financial assets | 26 | 54 |
4.3: Administered - payables
4.3A Suppliers
2020 | 2019 | |
|---|---|---|
$’000 | $’000 | |
Trade creditors and accruals | 1,830 | 2,645 |
Total suppliers | 1,830 | 2,645 |
Settlement was usually made within 30 days.
4.3B Other payables
Other payables | 2020 | 2019 |
|---|---|---|
$'000 | $'000 | |
GST payable to OPA | 498 | 856 |
Unearned income1 | 7,353 | - |
Salaries and wages | 58 | 42 |
Superannuation | 5 | 2 |
Total other payables | 7,914 | 900 |
1Refer to the Overview section for accounting policy on AASB 15 Revenue from Contracts with Customers.
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