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NOTE 6
FINANCIAL ASSETS AND FINANCIAL LIABILITIES
Consolidated
2016
2015
Current
$’000
Non-
current
$’000
Total
$’000
Current
$’000
Non-
current
$’000
Total
$’000
Trade receivables
51,220
- 51,220
35,883
-
35,883
Provision for
doubtful receivables
(31)
-
(31)
(24)
-
(24)
Other receivables
12,911
707 13,618
25,566
-
25,566
64,100
707 64,807
61,425
-
61,425
(a) Cash and cash equivalents
Consolidated
2016
$’000
2015
$’000
Current assets
Cash at bank and in hand
3,813
27,123
Funds on deposit
103,648
292,814
107,461
319,937
Cash at bank earns interest at floating rates based on daily bank deposit rates. The “funds on
deposit” at balance date reflects funds available to the Group that have been placed on deposit with
major Australian banking institutions over various periods not exceeding 180 days consistent with the
Group’s Treasury Policy. The carrying amount of cash and cash equivalents equates to the fair value.
The Group’s exposure to interest rate, credit risk and rates earned for the above is set out in note 12.
(b) Trade and other receivables
Information on credit risk, impairment and fair value of trade and other receivables can be found in
note 12.
(c) Trade and other payables
Consolidated
2016
$’000
Restated
2015
$’000
Current liabilities
Trade payables
77,949
80,005
Other payables
4,052
8,973
82,001
88,978
There has been a reclassification of payroll payables from trade payables to other payables that
better reflects the nature of the payable. Comparables have been restated to reflect this change.
Information about the Group’s exposure to financial risk is set out in note 12.
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