Aging of Aging of Impaired Net Receivables Receivables Receivables $000 $000 $000 2010-11 66 66 Not Overdue Overdue for less than 30 Days Overdue for 30 to 60 Days Overdue for more than 60 Days Total 66 66 66 66 Not Overdue 2009-10 91 91 Not Overdue Overdue for less than 30 Days Overdue for 30 to 60 Days Overdue for more than 60 Days Total 91 91 Identify the extent of credit risk exposure and how they arise What are the processes or procedures in place for managing the risk and the methods used to measure the risk 13. FINANCIAL INSTRUMENTS (continued) Liquidity risk Liquidity risk is the risk that the Agency will not be able to meet its financial obligations as they fall due. The Agency’s approach to managing liquidity is to ensure that it will always have sufficient liquidity to meet is liabilities when they fall due. The following tables detail the Agency’s remaining contractual maturity for its financial assets and liabilities. It should be noted that these values are undiscounted, and consequently totals may not reconcile to the carrying amounts presented in the Balance Sheet. 2011 Maturity analysis for financial assets & liabilities Interest Rate Fixed or Variable Less than a 1 to 5 Years More than Non Interest Total Weighted Year 5 Years Bearing Average $’000 $’000 $’000 $’000 $’000 % Assets Cash and deposits 362 362 0
Aging of Receivables Aging of Impaired Receivables Net Receivables $000 $000 $000 2010-11 Not Overdue 66 66 Overdue for less than 30 Days Overdue for 30 to 60 Days Overdue for more than 60 Days Total 66 66 Not Overdue 66 66 2009-10 Not Overdue 91 91 Overdue for less than 30 Days Overdue for 30 to 60 Days Overdue for more than 60 Days Total 91 91 Identify the extent of credit risk exposure and how they arise What are the processes or procedures in place for managing the risk and the methods used to measure the risk 13. FINANCIAL INSTRUMENTS (continued) Liquidity risk Liquidity risk is the risk that the Agency will not be able to meet its financial obligations as they fall due. The Agency’s approach to managing liquidity is to ensure that it will always have sufficient liquidity to meet is liabilities when they fall due. The following tables detail the Agency’s remaining contractual maturity for its financial assets and liabilities. It should be noted that these values are undiscounted, and consequently totals may not reconcile to the carrying amounts presented in the Balance Sheet. 2011 Maturity analysis for financial assets & liabilities Interest Rate Fixed or Variable Less than a Year $’000 1 to 5 Years $’000 More than 5 Years $’000 Non Interest Bearing $’000 Total $’000 Weighted Average % Assets Cash and deposits 362 362 0
Annual_Report_2010-11.docx