Annual Report 2014–15


Assets Note 16: Cash and cash equivalents



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Assets

Note 16: Cash and cash equivalents

Item


Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Cash on hand

76

80

37

41

Cash at bank

88,378

8,509

81,783

6,875

Term deposits

30,518

80,435

24,699

74,423

Cash and cash equivalents

118,972

89,024

106,519


81,339

Council has cash and cash equivalents that are subject to external restrictions that limit amounts available for discretionary use. These include:

Item

Consolidated

2015


$'000

Consolidated

2014


$'000

Note

Council

2015


$'000

Council

2014


$'000

Trust funds and deposits

8,526

7,057

26

6,111

4,901

Reserve funds (Public Open Space)

18,671

13,906

29

18,671

13,906


Total restricted funds

27,197

20,963

N/A

24,782

18,807

Total unrestricted cash and cash equivalents

91,775

68,061

N/A

81,737

62,532

Intended allocations


Although not externally restricted the following amounts have been allocated for specific future purposes by Council:

Item

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Cash held to fund carried forward capital works

27,417

21,452

27,417

21,452

Total funds subject to intended allocations

27,417

21,452

27,417

21,452

Note 17: Trade and other receivables


Current

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Rate debtors


818

2,878

818

2,879

Parking infringement debtors

31,265

27,814

31,265

27,814

Provision for doubtful debts - Parking infringements

(16,633)

(14,732)

(16,633)

(14,732)

Other debtors

31,445

33,502

5,185

5,044

Provision for doubtful debts - other debtors

(794)

(556)

(371)

(246)


Net GST receivable

2,896

8,789

5,286

5,867

Total current trade and other receivables

48,997

57,695

25,550

26,626



Ageing of receivables – other debtors

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Current (not yet due)

25,465

26,582


3,012

3,017

Past due by up to 30 days

3,277

4,625

1,093

1,462

Past due between 31 and 180 days

2,339

2,063

880

371

Past due between 181 and 365 days

280

132

116

94

Past due by more than 1 year

84

100

84

100

Total

31,445

33,502


5,185

5,044



Provision for doubtful debts

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Provision for doubtful debts - Parking infringement

16,633

14,732

16,633

14,732

Provision for doubtful debts - Trade debtors

794

556

371

246


Total

17,427

15,288

17,004

14,978



Movement in doubtful debts - parking infringement

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Balance at the beginning of the year

14,732

16,189

14,732

16,189

New provisions recognised

6,487

3,561


6,487

3,561

Amounts written off as uncollectible

(6,984)

(7,528)

(6,984)

(7,528)

Amounts recovered during the year

2,398

2,510

2,398

2,510

Balance at the end of the year

16,633

14,732

16,633

14,732



Movement in doubtful debts - trade debtors

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Balance at the beginning of the year

556

610

246

286

New provisions recognised

279

3

126

(41)

Amounts written off as uncollectible

(124)

(57)

(84)

(16)

Amounts recovered during the year

83

-

83

17

Balance at the end of the year


794

556

371

246

Ageing of impaired receivables


At balance date, trade debtors representing financial assets with a nominal value of $0.794 million (2014: $0.556 million) were impaired. The amount of the new provision raised against these debtors was $0.279 million (2014: $0.003 million). They individually have been impaired as a result of their doubtful collection. Many of the long outstanding past due amounts have been lodged with Council's debt collectors or are on payment arrangements.

The ageing of trade receivables that have been individually determined as impaired at reporting date was:



Ageing of receivables (impaired)

Consolidated

2015


$'000

Consolidated

2014


$'000

Council

2015


$'000

Council

2014


$'000

Current (not yet due)


169

183

0

0

Past due by up to 30 days

67

74

0

0

Past due between 31 and 180 days

143

65

129

50

Past due between 181 and 365 days

332

120

159

82

Past due by more than 1 year

83

114

83

114

Total

794

556

371

246

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