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Notes - 7.3 Administered – Financial Instruments

7.3 Administered – Financial Instruments

2020

2019

$'000

$'000

Note 7.3A: Categories of Financial Instruments

Financial assets at amortised cost

Cash on hand or on deposit

75

413

Goods and services receivable

1,130

1,616

Total financial assets at amortised cost

1,205

2,029

Financial liabilities measured at amortised cost

Trade creditors

(844)

-

Retentions

(34)

(90)

Total financial liabilities measured at amortised cost

(878)

(90)

The net interest income/expense from financial assets not at fair value through profit or loss is Nil (2019: Nil).

The carrying amount of all financial assets and liabilities as at 30 June 2020 and 30 June 2019 approximates the fair value.

Accounting Policy

The accounting policy for financial instruments disclosed at Note 7.2 applies equally to administered financial instruments.