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Note 21A: Categories of Financial Instruments
Please note: These amounts are rounded to the nearest dollar, as required by the Resource Management Guide No. 125 “Commonwealth Entities Financial Statements Guide”
| Financial Assets | 2015 $ |
2014 $ |
|---|---|---|
| Receivables | 752,020 | 497,113 |
| Other financial assets | 113,566 | 10,000 |
| Total financial assets | 865,586 | 507,113 |
The FWBII has no net income or expenses from financial instruments.
Note 21B: Fair Value of Financial Instruments
The carrying amount of all financial assets and liabilities as at 30 June 2015 approximates their fair value.
Note 21C: Other Financial Instrument Risks
The administered activities of the FWBII were not exposed to a high level of credit, liquidity or market risk as the majority of financial assets were penalties imposed by courts.