Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)
Tabled paper 1556
Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT
2015-11-19
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https://www.legislation.gov.au/Details/C2019C01622
https://hdl.handle.net/10070/273151
https://hdl.handle.net/10070/799706
Northern Territory Motor Accidents (Compensation) Commission Notes to the Financial Statements - 30 June 2015Annual Report 2015 Page 53 Motor Accidents (Compensation) Commission Notes to the Financial Statements 30 June 2015 Motor Accidents (Compensation) Commission Annual Report 2014/2015 39 12. Trade and other receivables 2015 2014 MACC TIO Insurance & Banking MAC Fund TIO TIO Insurance & Banking MAC Fund $000 $000 $000 $000 $000 $000 Premiums receivable direct insurance 1,194 - 1,194 58,857 57,236 1,621 Less: allowance for impairment loss - - - (136) (136) - 1,194 - 1,194 58,721 57,100 1,621 Interest receivable 1,631 - 1,631 3,797 2,069 1,728 Related party receivable 67 - 67 - 1,127 - Other debtors - - - 2,222 2,222 - Total trade and other receivables 2,892 - 2,892 64,740 62,518 3,349 The table below provides a reconciliation of the allowances for impairment losses as at 30 June. 2015 2014 MACC TIO Insurance & Banking MAC Fund TIO TIO Insurance & Banking MAC Fund $000 $000 $000 $000 $000 $000 Opening balance as at 1 July (136) (136) - (136) (136) - Premium receivables written off 27 27 - 109 109 - (Increase)/ Decrease in the allowance for the year charged to the Statement of Profit or Loss and Other Comprehensive Income (135) (135) - (109) (109) - Balance transferred to owner (Note 36) 244 244 - - - - Closing balance as at 30 June - - - (136) (136) - Refer to Note 33 (b) for further disclosures.