Consolidated
2014
$’000
2013
$’000
Current assets
Cash at bank and in hand
26,718
51,829
Deposits at call
64,566
165,546
91,284
217,375
NOTE 06
FINANCIAL ASSETS AND FINANCIAL LIABILITIES
(a) Cash and cash equivalents
Cash at bank earns interest at floating rates based on daily bank deposit rates. The “deposits at call” at balance date
reflects funds available to the Group that have been placed on deposit with major Australian banking institutions over
various short term periods in accordance with the Board approved Treasury Policy. The carrying amount of cash and
cash equivalents equates to the fair value. The Group’s exposure to interest rate, credit risk and rates earned for the
above is discussed in note 12.
(b) Trade and other receivables
Consolidated
2014
$’000
2013
$’000
Trade receivables
52,632
58,041
Other receivables
27,366
37,692
Provision for doubtful receivables
(64)
(32)
79,934
95,701
Other receivables include an accrual for the year to date under recovery of constrained network coal revenue as a
result of the actual tonnage throughput being below the budgeted volumes on which the prices are set. Constrained
network coal revenue is a product of a regulatory return mechanism which includes a recovery of maintenance activity,
overheads, depreciation and a rate of return in relation to capital improvements.
Other receivables past due but not considered impaired are: nil (2013: nil).
Information on credit risk, impairment and fair value of trade and other receivables can be found in note 12.
(c) Trade and other payables
Consolidated
2014
$’000
2013
$’000
Current liabilities
Trade payables
82,065
93,997
Other payables
54
135
82,119
94,132
Information about the Group’s exposure to financial risk is set out in note 12.
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