annual report 2011

IOOF | annual report 2011
Notes to the financial statements (cont’d)
For the year ended 30 June 2011
6 Financial instruments
For further information on financial instrument risk exposure, refer to Note 5 Risk management.
(a) Fair values versus carrying amounts
The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as
follows:
Consolidated Consolidated
30 June 2011 30 June 2010
Note Carrying amount Fair value Carrying amount Fair value
$’000 $’000 $’000 $’000
Assets carried at fair value
Available-for-sale investments 14 28,577 28,577 23,179 23,179
Financial assets designated at fair value through 14 8,029 8,029 6,479 6,479
profit or loss
36,606 36,606 29,658 29,658
Assets carried at amortised cost
Cash and cash equivalents 12 152,999 152,999 132,780 132,780
Receivables 13 73,068 73,068 67,668 67,668
Loans and receivables 14 23,967 23,967 18,096 18,096
250,034 250,034 218,544 218,544
Liabilities carried at fair value
Share buy-back liabilities 23 43,112 43,112 37,357 37,357
Liabilities carried at amortised cost
Payables 21 50,664 50,664 48,401 48,401
Unsecured cash advance facility 22 - - 14,500 14,500
Finance lease liabilities 22 38 40 128 133
50,702 50,704 63,029 63,034
Parent Parent
30 June 2011 30 June 2010
Note Carrying amount Fair value Carrying amount Fair value
$’000 $’000 $’000 $’000
Assets carried at amortised cost
Cash and cash equivalents 12 45,959 45,959 617 617
Receivables 13 14,342 14,342 11,547 11,547
Loans and receivables 14 61,819 61,819 35,106 35,106
122,120 122,120 47,270 47,270
Liabilities carried at amortised cost
Payables 21 70 70 80 80
Loan from controlled entity 22 10,000 10,000 10,000 10,000
10,070 10,070 10,080 10,080
The basis for determining fair values is disclosed in note 5(e).
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