Australian Human Rights Commission Annual Report 2021–22 Financial Position This section analyses the Australian Human Rights Commission assets used to conduct its operations and the operating liabilities incurred as a result. Employee related information is disclosed in the People and Relationships section. 2.1 Financial Assets 2.1A: Cash and cash equivalents Cash on hand and at bank Total cash and cash equivalents 2022 $’000 2021 $’000 15,958 3,356 15,958 3,356 Accounting Policy Cash is recognised at its nominal amount. Cash and cash equivalents includes: a) cash on hand; b) demand deposits in bank accounts with an original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. At the reporting date the Commission did not hold any term deposits with a maturity greater than three months. 2.1B: Trade and other receivables Goods and services receivables Goods and services Total goods and services receivables Other receivables Interest GST Receivable from the Australian Taxation Office Total other receivables Total trade and other receivables (gross) Less impairment loss allowance Total trade and other receivables (net) Trade and other receivables (net) expected to be recovered No more than 12 months Total trade and other receivables (net) 698 1,498 698 1,498 5 - 95 - 100 - 798 1,498 - - 798 1,498 798 1,498 798 1,498 Accounting Policy Receivables Receivables are measured at amortised cost using the effective interest method less impairment. 94