Department of Sustainability, Environment, Water, Population and Communities Annual Report 2011–12

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Note 20B. Trade and Other Receivables

Good and Services:
Goods and services - external parties	1,213	1,826
Total receivables for goods and services	1,213	1,826

Advances and Loans
State and Territory Governments	8,116	10,039
Total advances and loans	8,116	10,039

Other receivables:
GST receivable from the Australian Taxation Office	16,837	7,189
Interest	165	209
Other	109	48
Total other receivables	17,111	7,446
Total trade and other receivables (gross)	26,440	19,311

Less impairment allowance account:
Other receivables	(317)	(358)
Total impairment allowance account	(317)	(358)
Total trade and other receivables (net)	26,123	18,953

Receivables are expected to be recovered in:
No more than 12 months	20,125	10,837
More than 12 months	5,998	8,116
Total trade and other receivables (net)	26,123	18,953

Receivables were aged as follows:
Not overdue	25,821	17,955
Overdue by:
0 to 30 days	202	98
31 to 60 days	2	12
61 to 90 days	-	-
More than 90 days	415	1,246
Total receivables (gross)	26,440	19,311

The impairment allowance account is aged as follows:
Overdue by:
More than 90 days	(317)	(358)
Total impairment allowance account	(317)	(358)

All receivables excluding GST receivable from Australian Taxation Office are with entities external to the Australian Government. Credit terms are within 30 days (2011: 30 days).

Loans to State and Territory Governments are made under financial assistance legislation for periods up to 40 years. No security is generally required. Principal is repaid in half yearly instalments over the life of the loan. Interest rates are fixed. Effective interest rates average 9.5% (2011: 9.5%). Principal and interest payments are due twice annually.

Reconciliation of the Impairment Allowance Account:

Movements in relation to 2012
	Other receivables	Total
	$'000	$'000
Opening balance	(358)	(358)
Amounts written off	40	40
Amounts recovered and reversed	1	1
Closing balance	(317)	(317)

Movements in relation to 2011
	Other receivables	Total
	$'000	$'000
Opening balance	(772)	(772)
Amounts written off	220	220
Amounts recovered and reversed	194	194
Closing balance	(358)	(358)

	2012	2011
	$'000	$'000
Note 20C. Other Investments

Director of National Parks	238,938	253,204
Sydney Harbour Federation Trust	331,823	330,585
Total other investments	570,761	583,789

Other investments are expected to be recovered in:
More than 12 months	570,761	583,789
Total other investments	570,761	583,789

Refer to Note 25 for details on the principal activities of each of the Department's administered investments.

Administered – Non-Financial Assets

	2012	2011
	$'000	$'000
Note 21A. Land

Land:
Land at fair value	1,467	1,467
Total land	1,467	1,467

No indicators of impairment were found for land.
No land is expected to be sold or disposed of within the next 12 months.

Directory: system -> files -> resources
resources -> Environmental Best Practice Port Development: An Analysis of International Approaches
resources -> The National Heritage List and Commonwealth Heritage List: 1 july 2008 30 june 2013
resources -> Reference list for waterrelated coal seam gas and coal mining research
resources -> Michigan Association of Intermediate School Administrators isd sections of Law
resources -> Executive Summary 3 Background 4 Developing the National Television and Computer Recycling Scheme 4
resources -> Threat abatement plan for disease in natural ecosystems caused by
resources -> Sawfish and River Sharks Multispecies Issues Paper
resources -> Wildlife Trade Management Plan – Queensland Crocodile Farming

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