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2002-03 Financial Statements

Department of Defence
Notes To And Forming Part Of The Financial Statements
for the year ended 30 June 2003
2002-03 2001-02
$'000 $'000
Note 6: Financial Assets
Note 6A: Cash
Cash on hand 3,364 1,565
Cash at bank at call 96,194 34,088
Term deposits - 799,500
Total cash 99,557 835,153
All cash recognised is a current asset.
Note 6B: Receivables
Goods and services 77,321 177,138
Less Provision for doubtful debts (3,716) (32,796)
73,606 144,342
GST receivable from the Australian Taxation Office 114,667 102,900
Interest receivable - 2,122
Appropriation receivable 870,201 -
Advances and loans 59,719 71,684
Other receivables 34,349 61,266
Total receivables (net) 1,152,542 382,314
Receivables are represented by:
Current 1,094,064 280,953
Non current 58,478 101,361
Total 1,152,542 382,314
Receivables (gross) are aged as follows:
Not overdue 1,109,079 252,715
Overdue by:
Less than 30 days 11,215 129,093
30 to 60 days 9,840 3,558
60 to 90 days 646 1,075
More than 90 days 25,477 28,669
Total receivables (gross) 1,156,257 415,110
The provision for doubtful debts is aged as follows:
Not overdue - -
Overdue by:
Less than 30 days - -
30 to 60 days - 3,054
60 to 90 days - 1,073
More than 90 days 3,716 28,669
Total provision for doubtful debts 3,716 32,796
Note 6C: Capital Use Charge
Capital Use Charge Receivable - 137,978
Balance receivable/(payable) 1 July 137,978 21,542
Capital Use Charge (5,056,094) (4,633,854)
Capital Use Charge paid 4,918,116 4,750,290
Balance 30 June receivable/(payable) - 137,978