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## 28 Financial Instruments - continued 

<img src='content_image/108174.jpg'>

## (b) Credit Risk Exposures 

The economic entity's maximum exposures to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount, net of any provisions for doubtful debts of those assets as disclosed in the statement of financial position and notes to the financial statements. 

The Company minimised concentration of credit risk in relation to trade accounts receivable by undertaking transactions with a large number of customers. However, all the customers are concentrated in Australia. 

Credit risk in Trade receivables is managed in the following ways: payment terms are 28 days; a risk assessment process is used for customers over 90 days; and cash or Bank guarantee is obtained where appropriate. 

## (c) Net fair values 

## Valuation approach 

Marketable shares included in "Other financial assets" are traded in an organised financial market. The net fair value of marketable shares is determined by valuing them at the current quoted market sell price. The carrying amount of cash, deposits, accounts receivable and accounts payable approximate net fair value. Investments in unlisted securities are reflected at valuation - directors appraisals are undertaken as necessary to reflect substantial changes affecting the net fair value of investments. 

The aggregate net fair values and carrying amounts of financial assets and financial liabilities at balance date: 

<img src='content_image/108183.jpg'>

## 29 Segment reporting 

The Company operates a taxi hiring and accounts service business to customers predominantly within Australia. 

## 30 Contingent liabilities 

The Company has no contingent liabilities. 

