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## NOTES TO THE FINANCIAL STATEMENTS CONTINUED 

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011 

## Note 3. Financial Risk Management 

## (d) Fair Value Estimation 

(continued) 

(continued) 

The following summarises the significant methods and assumptions used in estimating fair values of financial assets and financial liabilities for disclosure purposes: 

## Cash and Cash Equivalents 

The carrying amount is fair value due to the liquid nature of these assets. 

## Receivables 

The carrying amounts of receivables are assumed to approximate their fair values due to their short term nature. 

## Security Deposits 

The carrying amounts of security deposits are assumed to represent their fair values based on their likely realisability profile. 

## Trade and Other Payables 

Due to the short term nature of these financial liabilities, their carrying amounts are assumed to represent their fair values. 

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## Note 5. Expenses 

## Loss before income tax includes the following specific expenses: 

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