2. Financial Position
This section analyses the NFRA assets used to generate financial performance and the operating liabilities as a result. Employee related information is disclosed in the People and Relationships section.
2.1. Financial Assets | |
2020 $ | |
Note 2.1A: Cash and cash equivalents | |
Cash on hand or on deposit | 20,000 |
Total cash and cash equivalents | 20,000 |
Note 2.1B: Trade and other receivables | |
Goods and services receivable | |
Employee leave transfers | 206,466 |
GST receivable | 2,132 |
Total goods and services receivable | 208,598 |
Appropriations receivable | |
Appropriation receivable | 1,047,844 |
Total appropriations receivable | 1,047,844 |
Total trade and other receivables | 1,256,442 |
All goods and services receivables are expected to be recovered within 12 months. Credit terms for goods and services were within 30 days. | |
Accounting Policy Financial assets Trade receivables, loans and other receivables that are held for the purpose of collecting the contractual cash flows where the cash flows are solely payments of principal and interest and, are not provided at below-market interest rates, are subsequently measured at amortised cost using the effective interest method adjusted for any loss allowance. | |
2.2 Payables | |
2020 $ | |
Note 2.2A: Supplier payables | |
Trade creditors and accruals | 80,818 |
Total supplier payables | 80,818 |
Suppliers are expected to be settled within 12 months. Supplier settlement terms are 30 days. | |
Note 2.2B: Other payables | |
Wages and salaries | 19,211 |
Superannuation | 3,139 |
Total other payables | 22,350 |
Visit
https://www.transparency.gov.au/annual-reports/national-faster-rail-agency/reporting-year/2019-20-80