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## notes to the financial statements 

for the year ended 30 June 2001 

The consolidated entity’s exposure to interest rate risk and the effective rates on financial assets and liabilities at 30 June 2000 were: 

<img src='content_image/100543.jpg'>

## Credit Risk 

Credit risk represents the loss that would be recognised if counterparties failed to perform as contracted. The credit risk on financial assets is the carrying amount net of any provisions for doubtful debts. 

## Net Fair Values of Financial Assets and Liabilities 

The carrying amount and net market value of financial assets and liabilities brought to account at balance date are the same. 

