practice in organisational risk management and alignment to the principles of the Risk Management Standard A S/NZS 4360:2004 and the Victorian Government Risk Management Framework. Sustainability Victoria does not have exposure to any and/or interest-bearing liabilities except for finance leases disclosed in Notes 16 and 23. Financial assets and financial liabilities are disclosed in note 23 - Financial instruments and are valued at amortised cost (including transaction costs that are directly attributable to the acquisition or the issue of the financial asset or liability. 2.1 Market Risk (Interest Rate Risk) Sustainability Victoria's exposure to market risk is solely through interest rate risk. There is no exposure to foreign exchange risk or other price risks. 2.2 Liquidity Risk Liquidity risk arises when Sustainability Victoria is unable to meet its financial obligations as they fall due. Sustainability Victoria operates the government fair payments policy of settling financial obligations within 30 days. Ongoing thirteen months cash flow forecasts are prepared to manage risk through monitoring future cash flow requirements to ensure adequate holding of high-quality liquid assets. Sustainability Victoria exposure to liquidity risk is deemed insignificant, based on prior period's data and current assessment of risk. Cash for unexpected events is generally sourced from liquidation of available cash deposits at call and/or maturing short-term deposits. 2.3 Credit Risk Credit risk arises from the financial assets of Sustainability Victoria comprise cash and cash equivalents, trade and other receivables. Credit risk associated with Sustainability Victoria financial assets is minimal, because the main debtors are Victorian Government entities and no credit facilities are provided to non-government clients. Interest rate risk -0.5% +0.5% Carrying Result $ Equity $ Result $ Equity $ amount $ 30 June 2013 Financial assets Cash and cash equivalents 36,633,167 (183,166) (183,166) 183,166 183,166
practice in organisational risk management and alignment to the principles of the Risk Management Standard A S/NZS 4360:2004 and the Victorian Government Risk Management Framework. Sustainability Victoria does not have exposure to any and/or interest-bearing liabilities except for finance leases disclosed in Notes 16 and 23. Financial assets and financial liabilities are disclosed in note 23 - Financial instruments and are valued at amortised cost (including transaction costs that are directly attributable to the acquisition or the issue of the financial asset or liability. 2.1 Market Risk (Interest Rate Risk) Sustainability Victoria's exposure to market risk is solely through interest rate risk. There is no exposure to foreign exchange risk or other price risks. 2.2 Liquidity Risk Liquidity risk arises when Sustainability Victoria is unable to meet its financial obligations as they fall due. Sustainability Victoria operates the government fair payments policy of settling financial obligations within 30 days. Ongoing thirteen months cash flow forecasts are prepared to manage risk through monitoring future cash flow requirements to ensure adequate holding of high-quality liquid assets. Sustainability Victoria exposure to liquidity risk is deemed insignificant, based on prior period's data and current assessment of risk. Cash for unexpected events is generally sourced from liquidation of available cash deposits at call and/or maturing short-term deposits. 2.3 Credit Risk Credit risk arises from the financial assets of Sustainability Victoria comprise cash and cash equivalents, trade and other receivables. Credit risk associated with Sustainability Victoria financial assets is minimal, because the main debtors are Victorian Government entities and no credit facilities are provided to non-government clients. Interest rate risk -0.5% +0.5% Carrying amount $ Result $ Equity $ Result $ Equity $ 30 June 2013 Financial assets Cash and cash equivalents 36,633,167 (183,166) (183,166) 183,166 183,166