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Note 6: Financial Assets

Cash and Cash Equivalents
   2013 2012
  $'000 $'000
Note 6A. Cash and Cash Equivalents    
Cash on hand 1 1
Cash at bank 2,902 1,300
Cash at bank (DSHIS Special accounts) 1,875 1,550
Total cash and cash equivalents 4,778 2,851
Trade and other receivables
  2013 2012
  $'000 $'000
Note 6B. Trade and Other Receivables Good and Services:    
Goods and services - external parties 518 525
Total receivables for goods and services 518 525
Appropriations receivable:    
For existing programs 13,230 23,858
Total appropriations receivable 13,230 23,858
Other receivables:    
GST receivable from the Australian Taxation Office1 955 3,310
Other 1,420 1,873
Total other receivables 2,375 5,183
Less impairment allowance account: - -
Total trade and other receivables (net) 16,123 29,566
Receivables are expected to be recovered in:    
No more than 12 months 16,123 29,566
Total trade and other receivables (net) 16,123 29,566
Receivables are aged as follows:    
Not overdue 16,027 29,545
Overdue by:    
0 to 30 days 42 18
31 to 60 days 9 -
61 to 90 days 41 -
More than 90 days 4 3
Total trade and other receivables (net) 16,123 29,566

Credit terms for goods and services were within 30 days (2012: 30 days).

1 1ncludes amounts owing from June 2013 Business Activity Statement and GST amounts on accrued expenses as at 30 June 2013.

Premiums and Recoveries Receivable
  2013 2012
  $'000 $'000
Note 6C. Premiums and Recoveries Receivable    
Premiums receivable 8,259 4,969
Reinsurance and other recoveries receivable 2,706 3,671
Total premiums and recoveries receivable 10,965 8,640
Less: Impairment allowance account - -
Total premiums and recoveries receivable (net) 10,965 8,640
Receivables are expected to be recovered in:    
No more than 12 months 10,424 7,906
More than 12 months 541 734
Total premiums and recoveries receivable (net) 10,965 8,640
Receivables are aged as follows:    
Not overdue 10,193 7,934
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 premiums and recoveries receivable (net) 10,965 8,640

No indicators of impairment were found for premiums and recoveries receivable. Receivables past 90days are not considered impaired as premiums are cancelled after this period if not paid.

Investments
Note 6D. Investments  2013 2012
Investments under section 39 of the FMA Act1 46,930 48,746
Total investments 46,930 48,746
Total investments are expected to be recovered in:    
No more than 12 months 46,930 48,746
More than 12 months - -
Total investments 46,930 48,746

1 Units in UBS Asset Management’s Cash Bond Fund (effective interest rate: 3.32%; 2012: 4.53%).

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