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2 Financial Position - 2.1 Financial Assets

2020

2019

$'000

$'000

2.1A: Trade and Other Receivables

Good and services receivables:

Goods and services

595

2,845

Total goods and services receivable

595

2,845

Other receivables:

Receivable from the Australian Taxation Office

293

283

Interest

19

32

Total other receivables

312

315

Total trade and other receivables (gross)

907

3,160

Total trade and other receivables (net)

907

3,160

No receivables were impaired at 30 June 2020 (2019: Nil).

Accounting Policy

Financial Assets

Trade receivables and other receivables that are held for the purpose of collecting the contractual cash flows, where the cash flows are solely payments of principal, that are not provided at below-market interest rates, are measured at amortised cost using the effective interest method adjusted for any loss allowance.