Annual Report and Accounts 2012/13 - Royal Devon & Exeter Hospital

26. Financial instruments (continued)
Currency risk
ROYAL DEVON AND EXETER NHS FOUNDATION TRUST - ANNUAL ACCOUNTS 2012/13
NOTES TO THE ACCOUNTS
The Trust receives income denominated in sterling. The Trust, on occasion, does enter in agreements to make payments in nonsterling
denominated currencies. Non-sterling payments are principally short term liabilities and for non-significant amounts. Given
this, the Trust does not consider that it is exposed to any material currency risk and therefore has elected not to hedge its exposure.
Interest rate risk
The Trust does not enter into contracts where cash flows are determined by the use of a variable interest rate.
Other price risk
The Trust enters into legally binding contracts with both its customers and suppliers that stipulate the price to be paid. As such it does
not consider itself exposed to material other price risk.
26.1 Financial assets by category
Loans and
receivables
£000
NHS receivables 8,277
Accrued income 1,902
Other receivables 2,020
Cash and cash equivalents 49,621
Total at 31 March 2012 61,820
NHS receivables 13,809
Accrued income 3,237
Other receivables 2,694
Cash and cash equivalents 41,233
Total at 31 March 2013 60,973
An analysis of any impairment of receivables is provided in note 18.1.
26.2 Financial liabilities by category
Other
financial
liabilities
£000
Borrowings 20,213
NHS payables 1,661
Other payables 5,072
Accruals 10,868
Capital payables 1,476
Provisions under contracts 1,739
Total at 31 March 2012 41,029
Borrowings 18,942
NHS payables 2,564
Other payables 8,553
Accruals 13,138
Capital payables 3,276
Provisions under contracts 617
Total at 31 March 2013 47,090
26.3 Fair value
For all of the financial assets and liabilities at 31 March 2013 and 31 March 2012 the fair value is equal to book value.
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