Zoological Parks Authority - Parliament of Western Australia - The ...

Zoological Parks Authority ANNUAL REPORT 2012
Disclosures and Legal Compliance
Financial Statements
Zoological Parks Authority
Notes to the Financial Statements for the Year Ended 30 June 2012 continued
35. Financial Instruments continued
(c) Financial Instrument Disclosures
Credit risk
The following table details the Authority’s maximum exposure to credit risk and the ageing analysis of financial assets. The Authority’s maximum exposure to credit risk at
the end of the reporting period is the carrying amount of the financial assets as shown below. The table discloses the ageing of financial assets that are past due but not
impaired and impaired financial assets. The table is based on information provided to senior management of the Authority.
The Authority does not hold any collateral as security or other credit enhancements relating to the financial assets it holds.
Aged analysis of financial assets Past due but not impaired
Not past
Carrying
Up to 1 1-3 3 Months to 1-5
due and not
Amount
Month Months 1 Year Years
impaired
More than
5 Years
Impaired
financial
assets
$ $ $ $ $ $ $ $
Financial Assets
2012
Cash and cash equivalents 4,276,660 4,276,660 – – – – – –
Restricted cash and cash equivalents 875,650 875,650 – – – – – –
Receivables (a) 353,498 292,127 3,334 24,684 32,071 1,282 – –
Amounts receivable for services 9,934,000 9,934,000 – – – – – –
15,439,808 15,378,437 3,334 24,684 32,071 1,282 – –
2011
Cash and cash equivalents 4,347,259 4,347,259 – – – – – –
Restricted cash and cash equivalents 328,840 328,840 – – – – – –
Receivables (a) 334,237 194,581 80,757 58,378 – 521 – –
Amounts receivable for services 9,596,000 9,596,000 – – – – – –
14,606,336 14,466,680 80,757 58,378 – 521 – –
(a) The amount of receivables excludes GST recoverable from the ATO (statutory receivable).
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