Heide Museum of Modern Art 2010 Annual Report

14. Notes to the Financial Statements
Financial liability and financial asset maturity analysis
Financial liabilities due for payment
2010
$
Heide Museum of Modern Art
2010 Annual Report
Within 1 Year 1 to 5 Years Over 5 Years Total Contractual Cash Flow
2009
$
Trade and other payables
(excluding estimated annual leave
and deferred income) 1,422,858 1,333,062 – – – – 1,422,858 1,333,062
Borrowings 6,418 9,179 – – – – 6,418 9,179
Total contractual outflows 1,429,276 1,342,241 – – – – 1,429,276 1,342,241
Total expected outflows 1,429,276 1,342,241 – – – – 1,429,276 1,342,241
Financial assets - cash flows realisable
Cash and cash equivalents 104,808 190,885 – – – – 104,808 190,885
Trade, term and loans receivables 857,885 696,482 – – – – 857,885 696,482
Other investments 1,162,683 1,235,400 – – – – 1,162,683 1,235,400
Total anticipated inflows 2,904,084 2,667,546 – – – – 2,904,084 2,667,546
Net (outflow)/inflow on
financial instruments 1,483,540 1,476,509 – – – – 1,483,540 1,476,509
Interest rate risk
Exposure to interest rate risk arises on financial assets and financial liabilities recognised at the end of the reporting period whereby
a future change in interest rates will affect future cash flows or the fair value of fixed rate financial instruments. The company is also
exposed to earnings volatility on floating rate instruments.
At 31 December 2010 approximately 100% of company debt is fixed rate.
Price risk
Note 18: Financial Risk Management
Price risk relates to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices of securities held.
The company is exposed to securities price risk on investments held for trading or for medium to longer terms. Such risk is managed
through diversification of investments across industries and geographical locations.
2010
$
2009
$
2010
$
2009
$
2010
$
2009
$
73