Notes to and forming part of the Financial Statements: Notes 14 to
19
Note 14: Act of Grace Payments,
Waivers and Defective Administration Scheme
Note 15: Financial Instruments
Note 16: Expenses Administered on Behalf
of Government
Note 17: Assets Administered
on Behalf of Government
Note 18: Liabilities
Administered on Behalf of Government
Note 19: Administered
Reconciliation Table
Note 14: Act of Grace Payments, Waivers and Defective Administration Scheme
Note 15: Financial Instruments
Note 15C: Net Fair Values of Financial Assets and Liabilities
The net fair value of administered assets and liabilities equals the carrying amounts for both 2003–04 and 2002–03.
Note 15D: Credit Risk Exposures
The department’s maximum exposures to credit risk at reporting date in relation to each class of recognised financial assets is the carrying amount of those assets as indicated in the Statement of Financial Performance
The department has no significant exposures to any concentrations of credit risk.
All figures for credit risk referred to do not take into account the value of any collateral or other security.
Note 16: Expenses Administered on Behalf of Government
Note 17: Assets Administered on Behalf of Government
Note 18: Liabilities Administered on Behalf of Government
Note 19: Administered Reconciliation Table
