Part 4: Financial statements (continued)

Date

Notes to and forming part of the financial statements
for the period ended 30 June 2012

Note 3: Operating expenses
  2012
$'000
2011
$'000
Note 3A: Employee Benefits    
Wages and salaries 94,753 90,482
Superannuation:    
Defined contribution plans 5,035 4,474
Defined benefit plans 10,407 11,671
Redundancies 5,563 -
Leave and other entitlements1 16,663 9,620
Other 2,965 3,306
Total employee benefits 135,386 119,553
     
Note 3B: Suppliers    
Goods and services    
Information communication technology 4,856 4,749
Conferences and Training 2,397 2,708
Consultants and Contractors 7,280 8,868
Fees — Audit, Accounting, Bank and Other 1,116 1,235
Insurance 1,009 949
Legal 1,810 1,459
Printing 631 643
Property operating expenses 10,899 11,759
Publications and Subscriptions 1,427 1,558
Travel 5,273 5,276
Other 2,965 3,754
Total goods and services 39,663 42,958
     
Goods and services are made up of:    
Provision of goods from:    
related entities 64 2
external entities 2,511 2,411
Rendering of services from:    
related entities 7,502 6,857
external entities 20,632 24,022
Operating lease rentals:2    
related entities 482 212
external entities 7,683 8,755
Workers compensation premiums 789 699
Total supplier expenses 39,663 42,958
     
Note 3C: Grants    
Grants paid    
Public sector:    
Australian Government entities (related entities) 78 152
Private sector:    
Non-profit organisations 4,031 2,925
Total grants 4,109 3,077

1 The increase in leave and other entitlements was primarily a result of a significant decrease in the bond rate, which is used to discount long service leave liability.
2 Operating lease rentals comprise minimum lease payments only.

Note 3: Operating expenses (continued)
  2012
$'000
2011
$'000
Note 3D: Depreciation and amortisation    
Depreciation    
Plant and equipment 2,568 2,119
Buildings — leasehold improvements 2,365 1,889
Total depreciation 4,933 4,008
Amortisation    
Intangibles — computer software 8,485 7,973
Assets held under finance lease - 34
Total amortisation 8,485 8,007
Total depreciation and amortisation 13,418 12,015
     
Note 3E: Finance costs    
Leases 17 56
Total finance costs 17 56
     
Note 3F: Write-down and impairment of assets    
Financial assets    
Receivables — bad and doubtful debts - 3
Non-financial assets    
Plant and equipment 245 55
Intangibles - 50
Total write-down and impairment of assets 245 108
Note 4: Income
  2012
$'000
2011
$'000
Note 4A: Sale of goods and rendering of services    
Rendering of services to:    
related entities 7,852 7,387
external entities 387 1,153
Operating lease rental — external entities 94 83
Total sale of goods and rendering of services 8,333 8,623
     
Note 4B: Other revenue    
MCCA contributions received 500 706
Other 368 20
Total other revenues 868 726
     
Note 4C: Sale of assets    
Plant and equipment    
Proceeds from sale 11 22
Net book value of assets disposed (7) -
Net gain from sale of assets 4 22
     
Note 4D: Other gains    
Resources received free of charge 526 549
Total other gains 526 549
     
Note 4E: Revenue from Government    
Appropriations    
Departmental appropriation 158,119 158,268
Total revenue from Government 158,119 158,268
Note 5: Financial assets
  2012
$'000
2011
$'000
Note 5A: Cash and cash equivalents    
Cash    
Special Accounts 296 85
Cash on hand or on deposit 812 751
Total cash and cash equivalents 1,108 836
     
Note 5B: Trade and other receivables    
Goods and Services:    
related entities 790 2,914
external parties 1,128 623
Total goods and services 1,918 3,537
     
Appropriations Receivable:    
for existing outputs 51,933 73,988
for Departmental Capital Budget - 239
Total appropriations receivable 51,933 74,227
     
Other receivables:    
Net GST receivable from the ATO 1,290 447
Total other receivables 1,290 447
     
Total trade and other receivables (net) 55,141 78,211
All receivables are current assets    
     
Receivables (gross) are aged as follows:    
Not overdue 54,844 76,572
Overdue by:    
0 to 30 days 176 1,293
31 to 60 days 85 219
61 to 90 days 16 77
More than 90 days 20 50
Total receivables (gross) 55,141 78,211

Credit terms for goods and services were with 30 days (2011:30 days)

Note 6: Non-financial assets
  2012
$'000
2011
$'000
Note 6A: Land and buildings    
Buildings — Leasehold improvements — fair value    
Under construction 747 -
At fair value 8,644 19,653
Accumulated depreciation (2,363) (11,775)
Total buildings — leasehold improvements — fair value 7,028 7,878
Total land and buildings 7,028 7,878

No indicators of impairment were found for land and buildings. All revaluations are independent and are conducted in accordance with the revaluation policy stated at Note 1.17.

     
Note 6B: Plant and equipment    
Plant and equipment — fair value    
Under construction 6,297 742
At fair value 9,157 12,860
Accumulated depreciation (2,527) (5,207)
Total plant and equipment — fair value 12,927 8,395
Plant and equipment under finance lease    
Under finance lease - 53
Accumulated depreciation - (53)
Total plant and equipment — fair value - -
     
Total plant and equipment 12,927 8,395

No indicators of impairment were found for plant and equipment. All revaluations are independent and are conducted in accordance with the revaluation policy stated at Note 1.17.

     
Note 6C: Intangibles    
Computer software — at cost    
Internally developed — in progress 538 1,728
Internally developed — in use 40,237 36,551
Purchased 3,176 3,129
Accumulated amortisation (18,240) (10,291)
Total computer software — at cost 25,711 31,117
     
Total intangibles 25,711 31,117

No indicators of impairment were found for Intangibles.
No intangibles are expected to be sold or disposed of within the next 12 months.

(18,240)

Note 6: Non-financial assets (continued)
Table A: Reconciliation of the opening and closing balances of property, plant and equipment (2011-12)
  Buildings — leasehold improvements
$’000
Plant and equipment
$’000
Computer software
$’000
Total
$’000
As at 1 July 2011        
Gross book value 19,653 13,655 41,408 74,716
Accumulated depreciation and impairment (11,775) (5,260) (10,291) (27,326)
Net book value 1 July 2011 7,878 8,395 31,117 47,390
Additions 1,687 7,232 3,087 12,006
Revaluations and impairments recognised in other comprehensive income (172) 112 - (60)
Depreciation / amortisation expense (2,365) (2,568) (8,485) (13,418)
Disposals       -
Other disposals - (244) (8) (252)
Net book value 30 June 2012 7,028 12,927 25,711 45,666
         
Net book value as of 30 June 2012 represented by:        
Gross book value 9,391 15,454 43,951 68,796
Accumulated depreciation and impairment (2,363) (2,527) (23,130)
Net book value 30 June 2012 7,028 12,927 25,711 45,666

A revaluation of Treasury’s buildings — leasehold improvement and plant and equipment was conducted on 1 July 2011.

Note 6: Non-financial assets (continued)
Table A: Reconciliation of the opening and closing balances of property, plant and equipment (2010-11)
  Buildings — leasehold improvements
$’000
Plant and equipment
$’000
Computer software
$’000
Total
$’000
As at 1 July 2010        
Gross book value 18,600 11,473 39,913 69,986
Accumulated depreciation and impairment (9,886) (3,853) (3,202) (16,941)
Net book value 1 July 2010 8,714 7,620 36,711 53,045
Additions 1,208 2,829 2,428 6,465
Depreciation / amortisation expense (1,889) (2,153) (7,973) (12,015)
Disposals        
Other disposals - (55) (50) (105)
Transfers (155) 154 1 -
Net book value 30 June 2011 7,878 8,395 31,117 47,390
         
Net book value as of 30 June 2011 represented by:        
Gross book value 19,653 13,655 41,408 74,716
Accumulated depreciation and impairment (11,775) (5,260) (10,291) (27,326)
Net book value 30 June 2011 7,878 8,395 31,117 47,390
Note 6: Non-financial assets (continued)
  2012
$'000
2011
$'000
Note 6D: Other non-financial assets    
Prepayments 2,502 2,336
Total other non-financial assets 2,502 2,336
     
Other non-financial assets are expected to be recovered in:    
No more than 12 months 2,055 1,888
More than 12 months 447 448
Total other non-financial assets 2,502 2,336

No indicators of impairment were found for other non-financial assets.

Note 7: Payables
  2012
$'000
2011
$'000
Note 7A: Suppliers    
Trade creditors    
related entities 112 461
external entities 199 1,962
external entities — non-operating - 781
Total trade creditors 311 3,204
Total supplier payables 311 3,204

All supplier payables are expected to be settled within 12 months

     
Note 7B: Other payables    
Salaries and wages 2,313 2,209
Superannuation 411 375
Other creditors 1,393 3,104
Prepayments received 3,161 2,505
Total other payables 7,278 8,193
     
Other payables are expected to be settled in:    
No more than 12 months 7,278 8,191
More than 12 months - 2
Total other payables 7,278 8,193
Employee provisions are expected to be settled in:
Note 8: Provisions
  2012
$'000
2011
$'000
Note 8A: Employee provisions    
Leave 41,771 38,586
Other employee entitlements 105 128
Total employee provisions 41,876 38,714
     
   
No more than 12 months 12,860 10,323
More than 12 months 29,016 28,391
Total employee provisions 41,876 38,714
Note 9: Restructuring
  2012
$'000
2011
$'000
Note 9A: Departmental Restructuring    
Housing policy    
Assets recognised    
Appropriation receivable 161 -
Total assets recognised 161  
     
Liabilities recognised    
Employer payables 312  
Supplier payables 5 -
Total liabilities recognised 317 -
Net assets/(liabilities) assumed (156) -
     
Income    
Recognised by the receiving entity 1,115  
Recognised by the losing entity 1,445  
Total Income 2,560 -
     
Expenses    
Recognised by the receiving entity 1,007 -
Recognised by the losing entity 1,445 -
Total Expenses 2,452 -

The Treasury assumed responsibility for the housing policy function from the Department of Sustainability Environment Water Population and Communities (SEWPaC) due to administrative arrangement restructuring on 27 January 2012.

Note 10: Cash flow reconciliation
  2012
$'000
2011
$'000
Reconciliation of cash and cash equivalents as per    
Balance Sheet to Cash Flow Statement    
     
Cash and cash equivalents as per:    
Cash flow statement 1,108 836
Balance sheet 1,108 836
     
Reconciliation of net cost of services to net cash from operating activities:    
Net cost of services (24,988) (9,579)
     
Adjustments for non-cash items    
Depreciation / amortisation 13,418 12,015
Net write down of non-financial assets 245 108
Gain on disposal of assets (4) (22)
Loss on disposal of non-current assets - -
     
Changes in assets / liabilities    
(Increase) / decrease in net receivables 17,102 (718)
(Increase) / decrease in other non financial assets (166) (537)
Increase / (decrease) in provisions 3,162 (396)
Increase / (decrease) in other payables (915) (1,973)
Increase / (decrease) in supplier payables (2,112) 760
Net cash from / (used by) operating activities 5,742 (342)
Note 11: Contingent assets and liabilities
  Studies Assistance Total
  2012
$'000
2011
$'000
2012
$'000
2011
$'000
Contingent liabilities        
Balance from previous period 300 272 300 272
New 297 286 297 286
Liabilities recognised - - - -
Obligations expired / crystalised (300) (258) (300) (258)
Total contingent liabilities 297 300 297 300
NET CONTINGENT LIABILITIES 297 300 297 300

Quantifiable contingencies

The schedule of contingencies reports liabilities of $297,389 (2011: $299,963). This amount represents an estimate of the Treasury’s liability in respect of studies assistance.

Remote contingencies

The Treasury’s lease on its current premises contains a make good clause which has been estimated by an independent valuer at $2.7 million. The Treasury has assessed the likelihood of the make good provision being required and has deemed it as remote.

As at 30 June 2012, the Treasury has a number of contracts which may give rise to contingent liabilities based on certain events occurring. The Treasury has assessed the likelihood of such events occurring as being remote and unquantifiable.

Senior executive remuneration
Note 12A: Senior executive remuneration expense for the reporting period
  2012
$
2011
$
Short-term employee benefits    
Salary 18,874,942 17,276,068
Annual leave accrued 285,042 61,781
Allowances 1,261,848 1,085,577
Total short-term employee benefits 20,421,832 18,423,426
     
Post-employment benefits    
Superannuation 2,705,122 2,654,245
Total post-employment benefits 2,705,122 2,654,245
     
Other long-term benefits    
Long-service leave 2,099,405 642,167
Total other long-term benefits 2,099,405 642,167
     
Termination benefits 481,476 -
Total employment benefits 25,707,835 21,719,838

Notes:
1. Note 12A is prepared on an accrual basis. No performance bonuses were paid in 2012 (2011: Nil).
2. Note 12A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $150,000
3. The comparative figures have been revised and do not match what was published in the 2010-11 financial statements due to new disclosure requirements.
4. Note 12A includes employees posted overseas.
5. The increase in long-service leave includes the result of a significant decrease in the bond rate, which is used to discount the long-service leave provision.

Note 12:Senior executive remuneration (continued)
Note 12B: Average annual reportable remuneration paid to substantive senior executives during the reporting period
  2012
Average annual reportable remuneration1 Senior
Executives
No.
Reportable
salary2
$
Contributed
superannuation3
$
Reportable
allowances4
$
Total

$

Total remuneration (including part-time arrangements):
less than $150,000 17 63,547 16,625 - 80,172
$150,000 to $179,999 5 149,672 21,384 - 171,056
$180,000 to $209,999 17 173,026 28,279 - 201,305
$210,000 to $239,999 32 184,649 39,302 - 223,951
$240,000 to $269,999 10 207,070 45,484 - 252,554
$270,000 to $299,999 6 245,183 42,876 - 288,059
$300,000 to $329,999 3 261,674 47,624 - 309,298
$330,000 to $359,999 3 301,700 37,340 - 339,040
$360,000 to $389,999 5 332,615 47,591 - 380,206
$390,000 to $419,999 1 329,282 74,086 - 403,368
$540,000 to $579,999 1 439,927 114,300 - 554,227
Total 100        

Notes:
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
   a) gross payments;
   b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits); and
   c) exempt foreign employment income
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to staff in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. No bonuses wer
e paid in 2012.
6. Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
7. Employees posted overseas are included in this table.

Note 12: Senior executive remuneration (continued)
  2011
Average annual reportable remuneration1 Senior
Executives
No.
Reportable
salary2
$
Contributed
superannuation3
$
Reportable
allowances4
$
Total

$

Total remuneration (including part-time arrangements):
less than $150,000 32 65,218 13,250 - 78,467
$150,000 to $179,999 3 133,275 29,255 - 162,531
$180,000 to $209,999 16 166,537 29,556 - 196,093
$210,000 to $239,999 32 182,552 39,727 - 222,279
$240,000 to $269,999 14 208,928 46,105 767 255,799
$270,000 to $299,999 5 254,499 35,497 - 289,995
$330,000 to $359,999 3 300,116 40,872 - 340,988
$360,000 to $389,999 4 295,761 79,216 - 374,977
$420,000 to $449,999 1 322,408 109,428 - 431,836
$480,000 to $509,999 1 478,224 25,282 - 503,505
Total 111        

Notes:
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
   a) gross payments;
   b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits); and
   c) exempt foreign employment income
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to staff in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries
5. No bonuses were paid in 2011.
6. Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
7. Employees posted overseas are included in this table.
8. The comparative figures have been revised and do not match what was published in the 2010-11 financial statements due to new disclosure requirements. The reporting requirements can be found in the Finance Ministers Orders, which are available on www.finance.gov.au.

Note 12: Senior executive remuneration (continued)
Note 12C: Other highly paid staff
  2012
Average annual reportable remuneration1 Staff
No.
Reportable
salary2
$
Contributed
superannuation3
$
Reportable
allowances4
$
Total

$

Total remuneration (including part-time arrangements):
$150,000 to $179,999 59 131,369 25,494 48 156,911
$180,000 to $209,999 2 172,821 26,712 - 199,533
$300,000 to $329,999 1 290,314 21,034 - 311,348
Total 62        

Notes:
1. This table reports staff:
   a) who were employed by the entity during the reporting period;
   b) whose reportable remuneration was $150,000 or more for the financial period; and
   c) were not required to be disclosed in Tables A or B.
Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
   a) gross payments;
   b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits); and
   c) exempt foreign employment income
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to staff in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. No bonuses were paid in 2012.
6. Various salary sacrifice arrangements were available to other highly paid staff including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
7. Employees posted overseas are included in this table.

Note 12: Senior executive remuneration (continued)
  2011
Average annual reportable remuneration1 Staff
No.
Reportable
salary2
$
Contributed
superannuation3
$
Reportable
allowances4
$
Total

$

Total remuneration (including part-time arrangements):
$150
,000 to $179,999
38 124,519 31,627 - 156,146
$330,000 to $359,999 1 283,638 52,592 - 336,229
Total 39        

Notes:
1. This table reports staff:
   a) who were employed by the entity during the reporting period;
   b) whose reportable remuneration was $150,000 or more for the financial period; and
   c) were not required to be disclosed in Tables A or B.
Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
   a) gross payments;
   b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits); and
   c) exempt foreign employment income
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to staff in that reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. No bonuses were paid in 2011.
6. Various salary sacrifice arrangements were available to other highly paid staff including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
7. Employees posted overseas are included in this table.

Note 13: Remuneration of auditors
  2012
$'000
2011
$'000
Financial statement audit services were provided free of charge to the Treasury.    
     
The fair value of the services provided was:    
Financial statement audit services 398 434
Total 398 434

Note: The above amounts are exclusive of GST. No other services were provided by the Auditor General.

Note 14: Financial instruments
  2012
$'000
2011
$'000
Note 14A: Categories of Financial Instruments    
Financial Assets    
Loans and receivables    
Cash and cash equivalents 1,108 836
Trade receivables 1,918 3,537
Carrying amount of financial assets 3,026 4,373
     
Financial Liabilities    
Liabilities at amortised cost    
Supplier payables 311 3,204
Other payables — other creditors 1,393 3,104
Carrying amount of financial liabilities 1,704 6,308
     
Note 14B: Net income and expense from financial liabilities    
Liabilities — at amortised cost    
Interest expense (17) (56)
Net gain/(loss) from financial liabilities — at amortised cost (17) (56)
     
Net gain/(loss) from financial liabilities (17) (56)

Note 14C: Fair value of financial instruments

The net fair values of the Treasury's financial assets and financial liabilities are approximated by their carrying amounts.

The financial assets and financial liabilities as disclosed in Note 14A are measured under Level 2 of the fair value hierarchy as they are based on observable inputs. There have been no reclassifications between levels of the fair value hierarchy.

Note 14D: Credit risk

The Treasury is exposed to minimal credit risk as financial assets only include cash and trade receivables. The maximum exposure to credit risk is the risk that arises from potential default of a debtor. This amount is equal to the total amount of trade receivables (2012: $1,918,669 and 2011: $3,537,308). The Treasury has assessed the risk of default on payment as being minimal.

Other government agencies and staff members make up the majority of the Treasury’s debtors. To aid the Treasury to manage its credit risk there are internal policies and procedures that guide employees on debt recovery techniques that are to be applied.

The Treasury holds no collateral to mitigate against credit risk.

Credit quality of financial instruments not past due or individually determined as impaired
    Not past
due nor
impaired
2012
$'000
Not past
due nor
impaired
2011
$'000
Past due
or
impaired
2012
$'000
Past due
or
impaired
2011
$'000
Loans and receivables          
Cash and cash equivalents   1,108 836 - -
Trade receivables   1,620 1,898 298 1,639
Total   2,728 2,734 298 1,639
           
Ageing of financial assets that were past due but not impaired for 2012
  0 to 30
days
$'000
31 to 60
days
$'000
61 to 90
days
$'000
90+
days
$'000
Total
$'000
Loans and receivables          
Trade receivables 176 86 16 20 298
Total 176 86 16 20 298
           
Ageing of financial assets that were past due but not impaired for 2011
  0 to 30
days
$'000
31 to 60
days
$'000
61 to 90
days
$'000
90+
days
$'000
Total
$'000
and receivables          
Trade receivables 1,293 219 77 50 1,639
Total 1,293 219 77 50 1,639

Note 14E: Liquidity risk

The Treasury’s financial liabilities are payables. The exposure to liquidity risk is based on the notion that the Treasury will encounter difficulty in meeting its obligations associated with financial liabilities. This is highly unlikely due to the appropriation funding mechanisms available to the Treasury and internal policies and procedures put in place to ensure there are appropriate resources to meet its financial obligations.

The Treasury is appropriated funding from the Australian Government. The Treasury manages its budgeted funds to ensure it has adequate funds to meet payments as they fall due. In addition, the Treasury has policies in place to ensure timely payments are made when due and has no past experience of default.

Maturities for non-derivative financial liabilities 2012
  On
demand
$'000
Within 1
year
$'000
1 to 2
years
$'000
2 to 5
years
$'000
> 5
years
$'000
Total
$'000
Liabilities at amortised cost            
Payables — suppliers - 311 - - - 311
Other payables - 1,393 - - - 1,393
Total - 1,704 - - - 1,704
             
Maturities for non-derivative financial liabilities 2011
  On
demand
$'000
Within 1
year
$'000
1 to 2
years
$'000
2 to 5
years
$'000
> 5
years
$'000
Total
$'000
Liabilities at amortised cost            
Payables — suppliers - 3,204 - - - 3,204
Other payables - 3,102 2 - - 3,104
Total - 6,306 2 - - 6,308

Note 14F: Market risk

The Treasury holds only basic financial instruments that do not expose the department to certain market risks.

Note 15: Financial assets reconciliation
  Notes 2012
$'000
2011
$'000
Financial assets      
       
Total financial assets as per balance sheet   56,249 79,047
Less: non-financial instrument components      
Appropriation receivables 5B 51,933 74,227
GST receivable from the ATO 5B 1,290 447
Total non-financial instrument components   53,223 74,674
Total financial assets as per financial instruments note 14A  3,026 4,373