Port Hedland Port Authority Annual Report 2011 - Parliament of ...

2011
Weighted
Average
Effective
Interest Rate
Floating
Interest Rate
Non Interest
Bearing
Financial Assets and Liabilities $’000 $’000 $’000
Cash and Cash Equivalents 3.90% 27,631 1 27,632
Receivables - 22,839 22,839
Interest Bearing Borrowings 5.24% (208,700) - (208,700)
Trade and Other Payables - (19,962) (19,962)
Net Financial Assets (Liabilities) (181,069) 2,878 (178,191)
Total
2010
Weighted
Average
Effective
Interest Rate
Floating
Interest Rate
Non Interest
Bearing
Financial Assets and Liabilities $’000 $’000 $’000
Cash and Cash Equivalents 3.30% 50,392 1 50,393
Receivables - 13,193 13,193
Interest Bearing Borrowings 4.58% (138,700) - (138,700)
Trade and Other Payables - (40,103) (40,103)
Net Financial Assets (Liabilities) (88,308) (26,909) (115,217)
Total
(d)
Net Fair Value of Financial Assets and Liabilities
The net fair value of cash and cash equivalents and non interest bearing monetary financial assets and financial
liabilities of the Authority approximates their carrying amounts.
2011 2010
Carrying Amount
$’000
Fair Value
$’000
Carrying Amount
$’000
Fair Value
$’000
On Statement of Financial Position
Non Traded Financial Assets
Cash and Cash Equivalents 13,692 13,692 28,796 28,796
Deposits 13,940 13,940 21,597 21,597
Trade Debtors 22,839 22,839 13,193 13,193
Trade Creditors (14,113) (14,113) (37,153) (37,153)
Other Creditors (5,849) (5,849) (2,950) (2,950)
30,509 30,509 23,483 23,483
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