Annual Report 2012/2013 Department of Housing
Tabled paper 575
Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT
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Fixed Interest Rate Non-More 1 to 5 than 5 Interest Years Years Bearing $000 $000 $0001 $000 Weighted Total Average Variable Less than Interest a Year $000 $000 %2012 ASSETS Cash and deposits Receivables Advances TOTAL FINANC IAI ASSETS 6 763 4.096 763 35 35 163 288 35 170 086 7.00163 288 170 051 LIABILITIES Payables Borrowings Other TOTAL FINANCIAL LIABILITIES 757 757 179 244 186 356 4.917 112 523523 179 244 1 280 187 6367 112 iv. Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. The market risk has been assessed to be minimal. v. Interest Rate Risk Interest rate risk is the risk of financial loss and/or increased costs due to adverse movements in the values of financial assets and liabilities as a result of changes in interest rates. The entitys exposure to interest rate risk and the average interest rate for classes of financial assets and financial liabilities is set above. The average interest rate is based on the outstanding balance at the end of the year. The entity's operating account earns guarterly interest at a variable interest rate Northern Territory Treasury Corporations weighted average cash return less 50 basis points. Market Sensitivity Analysis Assuming the financial assets and liabilities at 30 June 2013 were to remain until maturity or settlement without any action by the entity to alter the resulting interest rate risk exposure,an immediate and sustained increase or decrease of one per cent in market interest rates across all maturities would have the following impact on the entitys profit or loss and equity: Profit or Loss and Equity 100 basis points increase 100 basis points decrease $000 $000 30 JUNE 2013 199 (199)Financial assets cash at bank Financial assets - advances Financial liabilities - borrowings NET SENSITIVITY 2 250 (2 972) (52 3) (2 250) 2 972 523 30 JUNE 2012 68 (68)Financial assets - cash at bank Financial assets - advances Financial liabilities - borrowings NET SENSITIVITY 1 633 (1 864) (163) (1 633) 1 864 163 DEPARTMENT OF HOUSING ANNUM REP0R1 ?01? I3 105
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