8. Revenues from Government
8A. Revenues from Government
Department of Families, Housing, Community Services and Indigenous Affairs (former)
|
|
|
|
|
CAC Act body payment item
|
3,221
|
9,706
|
3,221
|
9,706
|
Receipts from the Land Account
|
–
|
65,902
|
–
|
65,902
|
Department of the Prime Minister and Cabinet
|
|
|
|
|
CAC Act body payment item
|
6,443
|
9,706
|
6,443
|
9,706
|
Receipts from the Land Account
|
52,463
|
65,902
|
52,463
|
65,902
|
|
|
|
|
|
Total revenues from Government
|
62,127
|
75,608
|
62,127
|
75,608
|
|
|
|
|
|
The amounts received by the Corporation as a CAC Act body payment are for the support of jobs in the Northern Territory in land management and pastoral activities. The income is recognised on receipt and corresponding payments are recognised as expenses when incurred or when paid to third parties.
Receipts from the Aboriginal and Torres Strait Islander Land Account (Land Account) is a minimum $45 million in accordance with Section 193C of the ATSI Act. The Land Account is now administered by the Department of the Prime Minister and Cabinet. Receipts from the Land Account are recognised at the time the ILC becomes entitled to receive the revenue.
|
Consol
2014
$,000
|
Consol
2013
$,000
|
ILC
2014
$,000
|
ILC
2013
$,000
|
9. Financial assets
9A. Cash and cash equivalents
Cash at bank and on hand
|
15,149
|
8,284
|
2,467
|
106
|
Deposits at call
|
2,246
|
5,079
|
2,246
|
5,079
|
Deposit with maturity less than 3 months
|
34,000
|
27,000
|
34,000
|
27,000
|
Cash advances
|
8
|
7
|
8
|
7
|
|
|
|
|
|
Total cash and cash equivalents
|
51,403
|
40,370
|
38,721
|
32,192
|
|
|
|
|
|
9B. Trade and other receivables
Goods and services:
|
|
|
|
|
Goods and services – related entities
|
763
|
728
|
621
|
446
|
Goods and services – external parties
|
7,857
|
5,326
|
3,452
|
1,620
|
|
|
|
|
|
Total receivable for goods and services
|
8,620
|
6,054
|
4,073
|
2,066
|
|
|
|
|
|
Other receivables:
|
|
|
|
|
Interest receivable
|
638
|
538
|
638
|
538
|
Insurance proceeds
|
203
|
474
|
203
|
474
|
Other debtors
|
2,782
|
1,515
|
1,264
|
238
|
GST receivable from ATO
|
99
|
249
|
649
|
750
|
|
|
|
|
|
Total other receivables
|
3,722
|
2,776
|
2,754
|
2,000
|
|
|
|
|
|
Total trade and other receivables (gross)
|
12,342
|
8,830
|
6,827
|
4,066
|
Less: Allowance for impairment loss
|
(305)
|
(321)
|
(16)
|
(11)
|
|
|
|
|
|
Total trade and other receivables (net)
|
12,037
|
8,509
|
6,811
|
4,055
|
|
|
|
|
|
Receivables are expected to be recovered in:
|
|
|
|
|
No more than 12 months
|
12,001
|
8,509
|
6,811
|
4,055
|
More than 12 months
|
36
|
–
|
–
|
–
|
|
|
|
|
|
Total trade and other receivables (net)
|
12,037
|
8,509
|
6,811
|
4,055
|
|
|
|
|
|
Receivables are aged as follows:
|
|
|
|
|
Not overdue
|
10,645
|
6,377
|
6,233
|
2,785
|
|
|
|
|
|
Overdue by
|
|
|
|
|
– less than 30 days
|
819
|
1,874
|
38
|
1,005
|
– 30 to 60 days
|
500
|
346
|
276
|
224
|
– 60 to 90 days
|
237
|
21
|
235
|
17
|
– more than 90 days
|
141
|
212
|
45
|
35
|
|
|
|
|
|
|
1,697
|
2,453
|
594
|
1,281
|
|
|
|
|
|
Total trade and other receivables (gross)
|
12,342
|
8,830
|
6,827
|
4,066
|
|
|
|
|
|
|
Consol
2014
$,000
|
Consol
2013
$,000
|
ILC
2014
$,000
|
ILC
2013
$,000
|
9B. Trade and other receivables (cont.)
The allowance for impairment loss is aged as follows:
Not overdue
|
194
|
233
|
–
|
10
|
|
|
|
|
|
Overdue by
|
|
|
|
|
– less than 30 days
|
14
|
11
|
–
|
–
|
– 30 to 60 days
|
5
|
1
|
–
|
–
|
– 60 to 90 days
|
1
|
–
|
–
|
–
|
– more than 90 days
|
91
|
76
|
16
|
1
|
|
|
|
|
|
|
111
|
88
|
16
|
1
|
|
|
|
|
|
Total allowance for impairment loss
|
305
|
321
|
16
|
11
|
|
|
|
|
|
Reconciliation of allowance for impairment
Opening balance
|
321
|
210
|
11
|
54
|
Amounts written off
|
(23)
|
(6)
|
(8)
|
(6)
|
Amounts recovered or reversed
|
(120)
|
(61)
|
(3)
|
(47)
|
Increase/ decrease recognised in net surplus
|
127
|
178
|
16
|
10
|
|
|
|
|
|
Closing balance
|
305
|
321
|
16
|
11
|
|
|
|
|
|
9C. Investments
Term deposits
|
–
|
15,000
|
–
|
15,000
|
Shares in subsidiary companies1
|
–
|
–
|
1
|
1
|
|
|
|
|
|
Total investments
|
–
|
15,000
|
1
|
15,001
|
|
|
|
|
|
Total investments are expected to be recovered in:
|
|
|
|
|
No more than 12 months
|
–
|
15,000
|
–
|
15,000
|
More than 12 months
|
–
|
–
|
1
|
1
|
|
|
|
|
|
Total investments
|
–
|
15,000
|
1
|
15,001
|
|
|
|
|
|
1 The ILC owns 100% of shares in each of its subsidiaries.
|
Consol
2014
$,000
|
Consol
2013
$,000
|
ILC
2014
$,000
|
ILC
2013
$,000
|
9D. Other financial assets
Advances to subsidiary:
|
|
|
|
|
National Centre of Indigenous Excellence Ltd
|
–
|
–
|
–
|
5,647
|
Voyages Indigenous Tourism Australia
|
–
|
–
|
321,417
|
303,261
|
Repayable grants to Aboriginal corporations
|
509
|
591
|
509
|
591
|
|
|
|
|
|
Total
|
509
|
591
|
321,926
|
309,499
|
Less: provision for impairment
|
(182)
|
(186)
|
(182)
|
(186)
|
|
|
|
|
|
Total other financial assets
|
327
|
405
|
321,744
|
309,313
|
|
|
|
|
|
Total other financial assets are expected to be recovered in:
No more than 12 months
|
66
|
82
|
66
|
82
|
More than 12 months
|
443
|
509
|
321,860
|
309,417
|
|
|
|
|
|
Total other financial assets
|
509
|
591
|
321,926
|
309,499
|
|
|
|
|
|
Other financial assets (gross) are aged as follows:
Not overdue
|
331
|
412
|
321,748
|
309,320
|
|
|
|
|
|
Overdue by
|
|
|
|
|
– one year or less
|
–
|
1
|
–
|
1
|
– from one to five years
|
178
|
178
|
178
|
178
|
|
|
|
|
|
|
178
|
179
|
178
|
179
|
|
|
|
|
|
Total other financial assets (gross)
|
509
|
591
|
321,926
|
309,499
|
|
|
|
|
|
|
Consol
2014
$,000
|
Consol
2013
$,000
|
ILC
2014
$,000
|
ILC
2013
$,000
|
9D. Other financial assets (cont.)
Allowance for impairment loss is aged as follows:
Not overdue
|
4
|
7
|
4
|
7
|
|
|
|
|
|
Overdue by
|
|
|
|
|
– one year or less
|
–
|
1
|
–
|
1
|
– from one to five years
|
178
|
178
|
178
|
178
|
|
|
|
|
|
|
178
|
179
|
178
|
179
|
|
|
|
|
|
Total allowance for impairment
|
182
|
186
|
182
|
186
|
|
|
|
|
|
Reconciliation of provision for impairment
Opening balance
|
186
|
215
|
186
|
215
|
Amounts written off
|
–
|
–
|
–
|
–
|
Amounts recovered or reversed
|
(4)
|
(29)
|
(4)
|
(29)
|
Increase recognised in net surplus
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Closing balance
|
182
|
186
|
182
|
186
|
|
|
|
|
|
|
Consol
2014
$,000
|
Consol
2013
$,000
|
ILC
2014
$,000
|
ILC
2013
$,000
|
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