Territory Stories

Annual Report 2009 - 2010

Details:

Title

Annual Report 2009 - 2010

Other title

East Arnhem Shire Council

Collection

East Arnhem shire council reports; Reports; PublicationNT

Date

2010

Description

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

Notes

Date:2010

Language

English

Subject

East Arnhem Region -- Politics and government -- Northern Territory -- Periodical

Publisher name

East Arnhem Shire Council

Place of publication

Nhulunbuy

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/248774

Citation address

https://hdl.handle.net/10070/569768

Page content

East Arnhem Shire Council Annual Report 2009-1092 16. FINANCIAL INSTRUMENTS (A) FINANCIAL RISK MANAGEMENT OBJECTIVES The Council has given the Chief Executive Officer the power to invest funds of the Council. The Councils objective is to minimise financial risk by investing only in short term deposits with local banks. (B) INTEREST RATE RISK The Councils exposure to interest rate risk consists of: WEIGHTED AVERAGE INTEREST RATE VARIABLE INTEREST RATE CURRENT FIXED INTEREST RATE MATURITY NON INTEREST BEARING 2010 % $ LESS THAN 1 YEAR $ 1-5 YEARS $ $ FINANCIAL ASSETS Cash at bank 2.50 976,102 Short-term deposit (Westpac) 4.20 500,000 Short-tem deposit (Westpac) 6.00 2,000,000 Angurugu Cash at Bank 3.75 758,914 ANZ 132,428 TCU 1.25 1,017,388 At call account (Westpac) 4.25 12,997,685 Receivables Other 2,820,684 TOTAL FINANCIAL ASSETS 18,250,089 2,953,112 FINANCIAL LIABILITIES Payables 4,145,866 Employee Benefits current 1,637,205 Employee Benefits non current Borrowings 182,208 Credit Cards 15.65 100,280 TOTAL FINANCIAL LIABILITIES 100,280 5,965,279 Receivables Other amount includes rates or waste charges, an interest charge of 15% per annum which is to be calculated on a daily basis from the date of issue of rate notices until the date payment is applied to any late payments. WEIGHTED AVERAGE INTEREST RATE VARIABLE INTEREST RATE CURRENT FIXED INTEREST RATEMATURITY NON INTEREST BEARING 2009 % $ LESS THAN 1 YEAR $ 1-5 YEARS $ $ FINANCIAL ASSETS Cash at bank 1.00 9,548,777


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.