2010 - Yarriambiack Council

NOTES TO THE ACCOUNTS
Note 36 Financial Instruments (continued)
Liquidity Risk
Liquidity risk includes the risk that, as a result of our operational requirements:
• we will not have sufficient funds to settle a transaction on the date;
• we will be forced to sell financial assets at a value which is less than what they are worth; or
• we may be unable to settle or recover a financial assets at all.
To help reduce these risks we:
• we have readily accessible standby facilities and other funding arrangements in place; and
• monitor budget to actual performance on a regular basis.
The Councils exposure to liquidity risk is deemed insignificant based on prior periods’ data and
current assessment of risk.
2010 6mths 6-12 1-2 2-5 >5 Contracted Carrying
or less mths years years years Cash Flow Amount
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Trade and other
payables
838 - - - - 838 838
Trust funds and deposits 20 3 - - - 23 23
Interest-bearing loans
and borrowings 89 89 108 64 - 350 350
Total financials
liabilities 947 92 108 64 - 1,211 1,211
2009 6mths 6-12 1-2 2-5 >5 Contracted Carrying
or less mths years years years Cash Flow Amount
$’000 $’000 $’000 $’000 $’000 $’000 $’000
Trade and other
payables 978 - - - - 978 978
Trust funds and deposits 99 10 - - - 109 109
Interest-bearing loans
and borrowings 71 71 126 139 - 407 407
Total financials
liabilities 1,148 81 126 139 - 1,494 1,494
Annual Report 2009/10 77