ASX ANNOUNCEMENT Bega Cheese Limited ... - Open Briefing

Financial Statements
Year Ended 30 June 2011
Notes to the Financial Statements (cont.)
b. Credit Risk (cont.)
The credit quality of financial assets that are neither past due nor impaired can be assessed by reference to amounts
past due at the reporting date, as shown in the following table:
For details of provisions held against trade receivables, see Note 8. All impaired balances are more than 60 days
overdue.
c. Liquidity Risk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of
funding through committed credit facilities to meet obligations when due and to close out market positions. Due to the
dynamic nature of the underlying businesses, the Group maintains flexibility in funding by maintaining availability under
committed credit lines. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows and
matching maturity profiles of financial assets and liabilities.
Financing Arrangements
The Group had access to the following borrowing facilities at the end of the reporting period:
Consolidated
2011 2010
$'000 $'000
Not past due 56,182 63,843
Past due over 0-30 days 13,352 12,911
Past due over 30 days 3,705 5,059
Trade receivables at 30 June 73,239 81,813
2011 2010
$'000 $'000
Undrawn facilities
Expiring within one year - 71,827
Expiring beyond one year 39,017 -
Total undrawn facilities 39,017 71,827
Drawn facilities 115,567 130,568
Total facilities 154,584 202,395
Consolidated
Bega Cheese Limited 2011 Annual Report 44