Territory Stories

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Details:

Title

Annual Report 2015 Motor Accidents (Compensation) Commission (MACC)

Other title

Tabled paper 1556

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2015-11-19

Description

Deemed

Notes

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.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01622

Parent handle

https://hdl.handle.net/10070/273151

Citation address

https://hdl.handle.net/10070/799706

Page content

Northern Territory Motor Accidents (Compensation) Commission Annual Report 2015 Notes to the Financial Statements - 30 June 2015 Page 84 Motor Accidents (Compensation) Commission Notes to the Financial Statements 30 June 2015 Motor Accidents (Compensation) Commission Annual Report 2014/2015 71 33. Risk management and financial instruments information continued MACC Fixed or floating 1 year or less > 1 year and <2 years >2 years and <3 years >3 years and <4 years >4 years and <5 years More than 5 years Total Weighte d average effective interest rate 30 June 2014 $000 $000 $000 $000 $000 $000 $000 % Financial assets Cash at bank and on hand Floating 49,851 - - - - - 49,851 2.67% Short term securities Floating 52,451 - - - - - 52,451 2.96% Short term securities Fixed 62,349 - - - - - 62,349 2.93% Bonds Floating 1,756 - - - - - 1,756 3.45% Bonds Fixed 9,260 10,263 6,620 10,595 26,491 275,946 339,175 3.28% Other instruments Fixed - - - - - 2,506 2,506 3.23% Loans and advances Floating 423,190 - - - - - 423,190 5.43% Loans and advances Fixed 49,289 66,459 34,765 2,467 7,943 166 161,089 5.39% Total 648,146 76,722 41,385 13,062 34,434 278,618 1,092,367 Derivative Financial Instruments Interest rate swaps 52,500 20,800 (68,000) (5,000) (4,000) 3,700 - 2.51% Total 52,500 20,800 (68,000) (5,000) (4,000) 3,700 - Total Financial Assets 700,646 97,522 (26,615) 8,062 30,434 282,318 1,092,367 Financial liabilities Deposits Floating 99,975 - - - - - 99,975 1.99% Deposits Fixed 435,857 6,730 13,712 - - - 456,299 1.98% Borrowings Fixed 50,000 - - - - - 50,000 2.98% Securitisation liabilities Floating 25,301 - - - - - 25,301 4.47% Securitisation liabilities Fixed - 569 1,961 434 - - 2,964 5.71% Total Financial Liabilities 611,133 7,299 15,673 434 - - 634,539 Motor Accidents (Compensation) Commission Notes to the Financial Statements 30 June 2015 Motor Accidents (Compensation) Commission Annual Report 2014/2015 70 33. Risk management and financial instruments information continued MACC Fixed or floating 1 year or less > 1 year and <2 years >2 years and <3 years >3 years and <4 years >4 years and <5 years More than 5 years Total Weighted average effective interest rate 30 June 2015 $000 $000 $000 $000 $000 $000 $000 % Financial assets Cash at bank and on hand Floating 13,469 - - - - - 13,469 2.04% Short term securities Floating 176 - - - - - 176 2.63% Short term securities Fixed 26,000 - - - - - 26,000 2.04% Bonds Floating - - - - - - Bonds Fixed 477 - - 9,349 577 270,286 280,689 3.74% Other instruments Fixed 13,901 - - - - - 13,901 2.08% Loans and advances Floating - - - - - - - Loans and advances Fixed - - - - - - - Total 54,023 - - 9,349 577 270,286 334,235 Derivative Financial Instruments Interest rate swaps 53,900 74,000 (86,200) (4,000) (14,600) (23,100) - 2.23% Total 53,900 74,000 (86,200) (4,000) (14,600) (23,100) - Total Financial Assets 107,923 74,000 (86,200) 5,349 (14,023) 247,186 334,235 Financial liabilities Deposits Floating - - - - - - - Deposits Fixed - - - - - - - Borrowings Fixed - - - - - - - Securitisation liabilities Floating - - - - - - - Securitisation liabilities Fixed - - - - - - - Total Financial Liabilities - - - - - - - The financial instruments in 2015 represent MACCs financial assets and liabilities, whereas the 2014 comprises TIO Insurance and Banking business and MAC Fund financial assets and liabilities.


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