Other Information
Other Information | ||||
5.1: Current/non-current distinction for assets and liabilities | ||||
2021 | 2020 | |||
$ | $ | |||
Assets expected to be recovered in no more than 12 months: | ||||
Cash and cash equivalents | 3,732,444 | 2,946,067 | ||
Loans and other receivables | 1,943,771 | 2,512,936 | ||
Prepayments | 277 | 277 | ||
Total no more than 12 months | 5,676,492 | 5,459,280 | ||
Assets expected to be recovered in more than 12 months: | ||||
Loans and other receivables | 587,787 | 635,718 | ||
Total more than 12 months | 587,787 | 635,718 | ||
Total assets | 6,264,279 | 6,094,998 | ||
Liabilities expected to be settled in no more than 12 months: | ||||
Suppliers | 10,828 | 20,240 | ||
Total no more than 12 months | 10,828 | 20,240 | ||
Total more than 12 months | - | - | ||
Total liabilities | 10,828 | 20,240 | ||
5.2: Economic Dependency | ||||
The AMFRTF receives economic support from the Department of Defence by way of the provision of administrative support, computer and communication facilities, staff and office accommodation for the AMFRTF Secretariat. However, the Trustees consider that in the event that the support provided by the Department of Defence was withdrawn, the AMFRTF is in a position to be economically self sufficient. | ||||
-END OF FINANCIAL STATEMENTS- | ||||
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https://www.transparency.gov.au/annual-reports/australian-military-forces-relief-trust-fund/reporting-year/2020-21-7