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## Notes to the Financial Statements for the year ended 30 June 2004 

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The outside equity interest arises from the Company’s 54.8% interest in NuStar which reduced from 88.3% during the fi  nancial year. Refer to Note 29 for further details. 

## 22. FINANCIAL INSTRUMENTS 

## (a) Credit Risk Exposures 

The credit risk on fi  nancial assets of the consolidated entity which have been recognised, other than investments in shares, is generally the carrying amount, net of any provisions for doubtful debts. 

## (b) Interest Rate Risk Exposures 

The consolidated entity’s exposure to interest rate risk and the effective weighted average interest rate by maturity periods is set out in the following tables. Exposures arise predominantly from assets and liabilities bearing variable interest rates as the consolidated entity intends to hold fi  xed rate assets and liabilities to maturity. 

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