Territory Stories

Department of Children and Families annual report 2014-2015

Details:

Title

Department of Children and Families annual report 2014-2015

Collection

Territory Families; Reports; PublicationNT

Date

2015

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Child welfare –- Government Policy -- Northern Territory –- Periodicals; Child abuse –- Prevention -- Northern Territory –- Periodicals

Publisher name

Department of Children and Families

Place of publication

Darwin

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/258705

Citation address

https://hdl.handle.net/10070/500997

Page content

59 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 its liabilities when they fall due. The following tables detail the agencys remaining contractual maturity for its financial assets and liabilities. Fixed or Variable Less than a Year $000 1 to 5 Years $000 More than 5 Years $000 Non Interest Bearing $000 Total $000 Assets Cash and deposits - - - 6,086 6,086 Receivables - - - - 1,064 1,064 TOTAL FINANCIAL ASSETS - - - - 7,150 7,150 Liabilities Payables - - - - 7,189 7,189 TOTAL FINANCIAL LIABILITIES - - - - 7,189 7,189 2015 Maturity analysis for financial assets and 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 Assets Cash and deposits - - - 10,118 10,118 Receivables - - - - 567 567 TOTAL FINANCIAL ASSETS - - - - 10,685 10,685 Liabilities Payables - - - - 5,896 5,896 TOTAL FINANCIAL LIABILITIES - - - - 5,896 5,896 2014 Maturity analysis for financial assets and liabilities Interest Bearing d) 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. (i) Interest Rate Risk The Department of Children and Families is not exposed to interest rate risk as departmental assets and financial liabilities are non-interest bearing. (ii) Price Risk The Department of Children and Families is not exposed to price risk as the Department does not hold units in unit trusts. (iii) Currency Risk The Department of Children and Families is not exposed to currency risk as the Department does not hold borrowings denominated in foreign currencies or transactional currency exposures arising from purchases in a foreign currency.


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