Note 3: Trade and Other Receivables
Accounting policy
Receivables are measured at fair value on initial recognition and at amortised cost on subsequent measurement.
Appropriations receivable are recognised at their nominal amounts. Appropriations receivable are appropriations available for use held in the Official Public Account under the government’s ‘just in time’ drawdown arrangements.
Trade and Other Receivables
Actual 2020 $'000 | Actual 2019 $'000 | |
|---|---|---|
Appropriations receivable | 13,133 | - |
GST | 3 | - |
Leave transfers pending – carried at amortised cost | 442 | - |
Trade receivables – carried at amortised cost | 134 | - |
Total | 13,712 | - |
All receivables are with related government entities.
Recovery of Trade and Other Receivables expected in
Actual 2020 $'000 | Actual 2019 $'000 | |
|---|---|---|
No more than 12 months | 13,712 | - |
More than 12 months | - | - |
Total | 13,712 | - |
Trade and Other Receivables are aged as follows: | ||
Not overdue | 13,712 | - |
Overdue | - | - |
Total | 13,712 | - |
Visit
https://www.transparency.gov.au/annual-reports/national-drought-and-north-queensland-flood-response-and-recovery-agency/reporting-year/2019-20-23