Note 24. Receivables

 

2015
$’000

2014
$’000

Current Receivables

 

 

Trade Receivables

1,103

1,203

Trade Receivables - Patient Fees

8,359

8,447

 

9,462

9,650

Less: Allowance for Impairment Losses

(2,781)

(2,591)

 

6,681

7,059

Other Trade Receivablesa

11,311

8,863

Less: Allowance for Impairment Losses

(450)

(209)

 

10,861

8,654

Net GST Receivable

3,622

3,718

Accrued Revenueb

6,068

4,027

Total Current Receivables

27,232

23,458

Total Receivables

27,232

23,458

  1. The increase mainly relates to an increase in receivables from Calvary Health Care for cost reimbursements of Directorate doctors seconded to Calvary Hospital.
  2. The increase mainly relates to an increase in accrued revenue for chargeable patient fees due to an increase in patient numbers.

 

Not Overdue

Overdue

Overdue

Overdue

Total

Ageing of Receivables

 

Less than
30 days
$'000

30 to 60
days
$'000

Greater
Than
60 days
$'000 

 

2015

 

 

 

 

 

Not Impaired

 

 

 

 

 

Receivablesa

21,050

1,811

782

3,589

27,232

Impaired

 

 

 

 

 

Receivables

-

-

-

3,232

3,232

 

 

 

 

 

 

2014

 

 

 

 

 

Not Impaired

 

 

 

 

 

Receivables

18,442

2,087

553

2,376

23,458

Impaired

 

 

 

 

 

Receivables

-

-

-

2,800

2,800

Receivables are written-off during the year in which they are considered to become uncollectible.

  1. ‘Not Overdue’ component of Receivables largely consist of Goods and Services Input Tax receivable from the Australian Taxation Office and private patient fees accrued in June. ‘Overdue – Greater than 60 Days’ are mostly third party, workers’ compensation or public liability transactions which have become the subject of legal claims as to responsibility for the payment. Substantial delays can therefore occur before liability for such debts is determined. This also includes amounts receivable from Calvary Health Care for medical officers seconded from the Directorate.
  2. 'Not Overdue' component of Receivables largely consist of Goods and Services Input Tax receivable from the Australian Taxation Office and private patient fees accrued in June.

'Past Due – Greater Than 60 Days' are mostly third party, workers’ compensation or public liability transactions which have become the subject of legal claims as to responsibility for the payment. Substantial delays can therefore occur before liability for such debts is determined. This also includes amounts receivable from Calvary Health Care for medical officers seconded from Canberra Hospital and Health Services.

 

2015
$’000

2014
$’000

Reconciliation of the Allowance for Impairment Losses

 

 

Allowance for Impairment Losses at the Beginning of the Reporting Period

2,800

2,146

Additional Allowance and Impairment Losses Recognised

431

654

Reduction in Allowance

-

-

Allowance for Impairment Losses at the End of the Reporting Period

3,231

2,800

 

 

 

Classification of ACT Government/Non-ACT Government Receivables

 

 

Receivables from ACT Government Entities

 

 

Net Trade Receivables

61

59

Net Other Trade Receivables

98

112

Accrued Revenue

-

7

Net Goods and Services Tax Receivable

50

52

Total Receivables from ACT Government Entities

209

230

 

 

 

Receivables from Non-ACT Government Entities

 

 

Net Trade Receivables

6,170

7,000

Net Other Trade Receivables

11,213

8,542

Net Goods and Services Tax Receivable

3,572

3,666

Accrued Revenue

6,068

4,020

Total Receivables from Non-ACT Government Entities

27,023

23,228

 

 

 

Total Receivables

27,232

23,458