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 2024 $’000 2023 $’000 Cash on hand or on deposit 28,549 26,407 Total cash and cash equivalents 28,549 26,407 2.1A: Cash and cash equivalents 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 638 878 Total goods and services receivables 638 878 Interest 67 45 GST Receivable from the Australian Taxation Office 93 160 Total other receivables 160 205 Total trade and other receivables (gross) 798 1,083 Total trade and other receivables (net) 798 1,083 No more than 12 months 798 1,083 Total trade and other receivables (net) 798 1,083 Other receivables Trade and other receivables (net) expected to be recovered Accounting Policy Financial assets Receivables are measured at amortised cost using the effective interest method less impairment. 70