Investor Presentaiton
Department of Health
Notes to the financial statements
For the year ended on 30 June 2023
8.1
Financial risk management (continued)
d)
Liquidity risk and Interest rate exposure
The following table details the department's interest rate exposure and the contractual maturity analysis of financial assets and financial liabilities. The maturity analysis
section includes interest and principal cash flows. The interest rate exposure section analyses only the carrying amounts of each item.
Interest rate exposure and maturity analysis of financial assets and financial liabilities
Weighted
average
Interest rate exposure
Maturity dates
2023
effective
interest
Carrying
Fixed
interest
Variable
interest
Non-
interest
More
rate
%
amount
$'000
rate
$'000
rate
$'000
bearing
$'000
Nominal
amount
$'000
Up to 1
month
$'000
1 to 3
months
$'000
3 months
to 1 year
$'000
1 to 5
than 5
years
years
$'000
$'000
Financial Assets
Cash and cash equivalents
68,912
68,912
68,912
68,912
Restricted cash and cash
equivalents
119,530
119,530
119,530
119,530
Receivables (a)
29,339
29,339
29,339
23,793
(2,806)
(1,831)
10,209
(26)
Amounts receivable for
services
96,009
96,009
96,009
96,009
313,790
313,790
313,790
212,235
(2,806)
(1,831)
10,209
95,983
Financial Liabilities
Payables
68,651
68,651
Lease liabilities (b)
4.50
2,754
2,754
68,651
2,754
65,705
1,842
8,371
(7,267)
111
511
1,928
204
71,405
2,754
68,651
71,405
65,705
1,953
8,882
(5,339)
204
(a) The amount of receivables excludes the GST receivable from the ATO (statutory receivable).
(b) The amount of lease liabilities includes $2.5 million from leased buildings and $0.2 million from leased vehicles.
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182
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