Department of Sustainability, Environment, Water, Population and Communities

Note 16F. Liquidity Risk
The Department’s financial liabilities were trade creditors, grant payables and finance leases. The exposure to liquidity risk was based on the notion that the Department will encounter difficulty in meeting its obligations associated with financial liabilities. This was highly unlikely as the Department is appropriated funding from the Australian Government and the Department manages its budgeted funds to ensure it has adequate funds to meet payments as they fall due. In addition, the Department has policies in place to ensure timely payments are made when due and has no past experience of default. The following tables illustrate the maturities for financial liabilities.
Maturities for non-derivative financial liabilities 2013
	On	Within 1	1 to 2	2 to 5	> 5
	demand	year	years	years	years	Total
	$'000	$'000	$'000	$'000	$'000	$'000
Other liabilities
Suppliers payable	-	22,266	-	-	-	22,266
Grants payable	-	154	-	-	-	154
Other payables including lease incentives	-	12	-	-	-	12
Finance lease	-	2,623	-	-	-	2,623
Total	-	25,055	-	-	-	25,055
Maturities for non-derivative financial liabilities 2012
	On	Within 1	1 to 2	2 to 5	> 5
	demand	year	years	years	years	Total
	$'000	$'000	$'000	$'000	$'000	$'000
Other liabilities
Suppliers payable	-	21,581	-	-	-	21,581
Grants payable	-	923	-	-	-	923
Other payables including lease incentives	-	280	-	-	-	280
Finance lease	-	2,429	2,366	257	-	5,052
Total	-	25,213	2,366	257	-	27,836

The Department had no derivative financial liabilities in either 2013 or 2012.

Note 16G. Market Risk
The Department held basic financial instruments that did not expose the Department to certain market risks, such as 'Currency risk' and 'Other price risk'. The only interest-bearing item on the balance sheet was 'Finance leases'. Finance leases bear interest at a fixed interest rate and their values did not fluctuate due to changes in the market interest rate.

Financial Assets Reconciliation

		2013		2012
		$'000		$'000
Financial assets	Notes
Total financial assets as per balance sheet		103,898		87,406
Less: non-financial instrument components
Appropriation receivables		86,949		67,771
GST receivable from the ATO		2,245		4,668
Total non-financial instrument components		89,194		72,439
Total financial assets as per financial instruments note	16A	14,704		14,967

Administered – Expenses

	2013		2012
	$'000		$'000
Note 18A. Suppliers
Goods and services
NHT implementation costs^1	42,100		39,954
General goods and services	37,539		15,474
Statutory fees and charges^2	13,511		8,122
Contractors	8,403		14,358
Consultants	3,927		5,081
Legal services	554		1,513
Travel	192		82
Total goods and services	106,226		84,584
Goods and services are made up of:
Provision of goods – related entities	62		150
Provision of goods – external parties	234		224
Rendering of services – related entities	80,299		59,358
Rendering of services – external parties	25,631		24,852
Total goods and services	106,226		84,584
Total supplier expenses	106,226		84,584