Annual Report 2010-2011 Northern Territory Electoral Commission
Tabled paper 1602
Tabled Papers for 11th Assembly 2008 - 2012; Tabled Papers; ParliamentNT
Tabled By Speaker
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
NORTHERN TERRITORY ELECTORAL COMMISSION NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2011 56 16. FINANCIAL INSTRUMENTS (continued) (c) Liquidity risk Liquidity risk is the risk that the Agency will not be able to meet its financial obligations as they fall due. The Agencys approach to managing liquidity is to ensure that it will always have sufficient liquidity to meet is liabilities when they fall due. The following tables detail the Agencys remaining contractual maturity for its financial assets and liabilities. It should be noted that these values are undiscounted, and consequently totals may not reconcile to the carrying amounts presented in the Balance Sheet. 2011 Maturity analysis for financial assets & liabilities Interest Bearing Fixed or Variable Less than a Year $000 1 to 5 Years $000 More than 5 Years $000 Non Interest Bearing $000 Total $000 Weighted Average % Assets Cash and deposits 264 264 100 Receivables 127 127 100 Advances Investment, loans and placements Total Financial Assets: 391 391 100 Liabilities Deposits Held (3) (3) 100 Payables (90) (90) 100 Advances (157) (157) 100 Borrowings Finance Lease Liabilities Total Financial Liabilities: (250) (250) 100