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Managing Uncertainties (cont.)

Notes to and forming part of the Financial Statements

7.2 Financial Instruments

2019

2018

$'000

$'000

7.2A: Categories of Financial Instruments

Financial Assets under AASB 139

Loans and receivables

Cash and cash equivalents

333

Trade receivable

89

Total loans and receivables

422

Financial Assets under AASB 9

Financial assets at amortised cost

Cash and cash equivalents

112

Trade receivable

316

Total financial asets at amortised cost

428

Total financial assets

428

422

Financial Liabilities

Financial liabilities measured at amortised cost

Bonds and retentions

(137)

(123)

Total financial liabilities measured at amortised cost

(137)

(123)

Total financial liabilities

(137)

(123)

Classification of financial assets on the date of initial application of AASB 9

AASB 139

AASB 9

AASB 139

AASB 9

original

new

carrying

carrying

Financial assets class Notes

classification

classification

amount at

amount

1 July 2018

at 1 July 2018

$'000

$'000

Cash and cash equivalents

Loans and

Amortised

receivable

cost

333

333

Trade receivables 3.1B

Loans and

Amortised

receivable

cost

89

89

Total financial assets

422

422

Reconciliation of carrying amounts of financial assets on the date of initial application of AASB 9

AASB 139

AASB 9

carrying

carrying

amount at

Re-

Re-

amount at

1 July 2018

classification

measurement

1 July 2018

$'000

$'000

$'000

$'000

Financial assets at amortised cost

Loans and receivable

Cash on hand or on deposit

333

-

-

333

Trade receivable

89

-

-

89

Total amortised cost

422

-

-

422