The Department had no derivative financial liabilities in either 2012 or 2011.
Note 26G. Market Risk
The Department holds basic financial instruments that do not expose the Department to certain market risks. The Department is not exposed to 'Currency Risk'.
Interest Rate Risk
The only interest bearing items on the balance sheet are the ‘Loans to State and Territory Governments’. These items have fixed interest and will not fluctuate due to changes in the market interest rate.
The Department’s administered activities are not exposed to “Other Price Risk’. Its administered investments are not traded on the Australian Stock Exchange. It does not hold any other financial instruments that would be exposed to price risk.
Administered – Financial Assets Reconciliation
2012
2011
$'000
$'000
Financial assets
Notes
Total financial assets as per schedule of administered assets and liabilities