Building for a brighter future - GHA Central

Financial: Financial Results
Notes to and forming part of the Financial Statements for the year ended 30 June 2006
Note 15: Financial Instruments (continued)
Net Fair Value
2006 2006 2005 2005
Book Value Net Fair Value Book Value Net Fair Value
($’000) ($’000) ($’000) ($’000)
FINANCIAL ASSETS
Cash at Bank 6,931 6,931 8,155 8,155
Trade Debtors 1,423 1,423 1,314 1,314
Other Receivables 1,636 1,636 2,491 2,491
Other Financial Assets 3,609 3,609 4,080 4,080
TOTAL FINANCIAL ASSETS 13,599 13,599 16,041 16,041
FINANCIAL LIABILITIES
Trade Creditors and Accruals (2,066) (2,066) (2,958) (2,958)
Accommodation Bonds (1,329) (1,329) (1,044) (1,044)
Other Liabilities (2,126) (2,126) (3,037) (3,037)
TOTAL FINANCIAL LIABILITIES (5,522) (5,522) (7,038) (7,038)
NET FINANCIAL ASSETS/LIABILITIES 8,077 8,077 9,0039,003
(d) Net Fair Value of Financial Assets and Liabilities
The net fair value of balance sheet financial assets and liabilities is not materially different to the carrying value of
those financial assets and liabilities. Cash, deposit investments, cash equivalents and non-interest bearing financial
assets and liabilities (trade debtors, other receivables, trade creditors) are valued at cost which approximates net
market value.
Note 16: Commitments
Total
Total
2006 2005
($’000) ($’000)
CAPITAL COMMITMENTS
Land and Buildings 3,102 4,183
Plant & Equipment 211
TOTAL CAPITAL COMMITMENTS 3,313 4,183
Not later than one year 3,313 4,183
TOTAL 3,313 4,183
The following were contracted for at the reporting date but not recognised as liabilities in the accounts:
- Construction cost of a Community Mental Health Centre at Gladstone Street Warragul $2.860m
- Stage 3 redevelopment on site to High Dependency Unit $0.242m
- Warragul Linen Service balance of Washroom equipment $0.211m
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