Aged analysis at the end of each quarter
| Quarter | Current (i.e. within due date) $’000 |
Less than 30 days overdue $’000 |
Between 30 and 60 days overdue $’000 |
Between 60 and 90 days overdue $’000 |
More than 90 days overdue $’000 |
|
|---|---|---|---|---|---|---|
| All suppliers | ||||||
| September | 248 | 20 | – | – | – | |
| December | 13 | 12 | – | – | – | |
| March | 136 | 136 | – | – | – | |
| June | 674 | 674 | – | – | – | |
| Small business suppliers | ||||||
| September | 71 | – | – | – | – | |
| December | 2 | – | – | – | – | |
| March | – | – | – | – | – | |
| June | 4 | 4 | – | – | – | |
Accounts due or paid within each quarter
| Measure | September | December | March | June |
|---|---|---|---|---|
| All suppliers | ||||
| Number of accounts due for payment | 1,014 | 641 | 692 | 1,482 |
| Number of accounts paid on time | 1,013 | 639 | 691 | 1,478 |
| Actual percentage of accounts paid on time (based on number of accounts) | 100% | 99.7% | 99.9% | 99.7% |
| Dollar amount of accounts due for payment | $5,545,718 | $5,663,839 | $4,738,799 | $7,799,521 |
| Dollar amount of accounts paid on time | $5,540,249 | $5,646,167 | $4,731,951 | $7,778,469 |
| Actual percentage of accounts paid on time (based on $) | 100% | 99.7% | 99.9% | 99.7% |
| Number of payments for interest on overdue accounts | – | – | – | – |
| Interest paid on overdue accounts | – | – | – | – |
| Small business suppliers | ||||
| Number of accounts due for payment to small businesses | 37 | 19 | 10 | 52 |
| Number of accounts due to small businesses paid on time | 37 | 19 | 10 | 52 |
| Actual percentage of small business accounts paid on time (based on number of accounts) | 100% | 100% | 100% | 100% |
| Dollar amount of accounts due for payment to small businesses | $149,635 | $98,707 | $75,626 | $91,005 |
| Dollar amount of accounts due to small businesses paid on time | $149,635 | $98,707 | $75,626 | $91,005 |
| Actual percentage of small business accounts paid on time (based on $) | 100% | 100% | 100% | 100% |
| Number of payments to small business for interest on overdue accounts | – | – | – | – |
| Interest paid to small businesses on overdue accounts | – | – | – | – |
Commentary
During the year we paid almost all of our accounts on time, exceeding our target of 90 per cent for the year.
Interest on late payments
We had no instances of penalty interest for delayed payments to a supplier for the year.
Purchasing Card Certification
The Purchasing Card Policy was last reviewed and updated in June 2016 and is considered current. The policy and controls are consistent with government policy as outlined in Treasurer’s Directions and NSW Treasury Circulars.