Interest and matured debt
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Interest and matured debt includes interest due, interest accrued and matured debt.
Table 5.9 presents a summary of the balances for the accounts in this category of accounts payable and accrued liabilities.
|March 31, 2017||March 31, 2016|
Interest due is the interest on the bonded debt, which is due and payable but has not been redeemed by bond holders.
Interest accrued is the interest accumulated as at March 31 on the bonded debt and certain other liabilities, that is not payable until a future date.
This account records financial obligations represented by certificates of indebtedness issued by the Government that have become due but that have not been presented for redemption. Unclaimed matured bonds are transferred to other revenues if they remain unredeemed 15 years after the date of call or maturity, whichever is earlier.
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