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Note 5. Financial Assets

Financial assets
  2013 2012
  $’000 $’000
Note 5A: Cash and Cash Equivalents    
Cash at bank 1,875 1,016
Cash at bank - 534
Total cash and cash equivalents 1,875 1,550
Note 5B: Trade and Other Receivables    
Goods and Services:    
Premiums receivable 8,259 4,969
Other:    
GST receivable - 33
Recoveries receivable (note 8F) 2,706 3,671
Total trade and other receivables (gross) 10,965 8,673
Less: Impairment allowance account - -
Total trade and other receivables (net) 10,965 8,673
Receivables are expected to be recovered in:    
No more than 12 months 10,424 7,939
More than 12 months 541 734
Total trade and other receivables (net) 10,965 8,673
Receivables are aged as follows:    
Not overdue 10,193 7,967
Overdue by:    
0 to 30 days 511 474
31 to 60 days 180 154
61 to 90 days 81 76
More than 90 days - 2
Total receivables (gross) 10,965 8,673

Receivables past 90 days are not considered impaired as premiums are cancelled after this period if not paid.

Investments
Note 5C: Investments  2013 2012
Investments in UBS Cash Bond Fund 46,930 48,746
Total investments 46,930 48,746

UBS Asset Management’s Cash Bond Fund effective interest rate 3.32% (2012: 4.53%)

All investments are expected to be realised in less than twelve months.

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