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. |
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