4.78 MB - Perth Airport
4.78 MB - Perth Airport
4.78 MB - Perth Airport
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NOTE 23. FINANCIAL INSTRUMENTS<br />
(a) Interest Rate Risk Exposures<br />
The consolidated entity’s exposure to interest rate risk for each class of financial asset and financial liability is set out below.<br />
30 June 2005 Floating Fixed interest Fixed interest Non-interest<br />
interest rate over1 to 5 years over 5 years Bearing Total<br />
$’000 $’000 $’000 $’000 $’000<br />
Financial Assets<br />
Cash and deposits 8,566 - - - 8,566<br />
Other cash reserves 7,052 - - - 7,052<br />
Receivables - - - 18,675 18,675<br />
GST clearing accounts - - - 928 928<br />
Security bonds and retentions - - - 1,162 1,162<br />
15,618 - - 20,765 36,383<br />
Weighted Average Interest Rate 5.12%<br />
Financial Liabilities<br />
Bank Loans 21,475 - - - 21,475<br />
AUD Bonds* - - 199,486 - 199,486<br />
USD Notes - - 196,412 - 196,412<br />
Other loans 192,473 - - - 192,473<br />
Trade and other creditors - - - 28,274 28,274<br />
Foreign currency hedge liability - - - 43,147 43,147<br />
213,948 - 395,898 71,421 681,267<br />
Weighted Average Interest Rate: 9.95% 9.50%<br />
Net financial liabilities 198,330 - 395,898 50,656 644,884<br />
* Note: Australian Dollars bonds mature 1 July 2017, however become floating 1 July 2008 (note 17(b)).<br />
30 June 2004 Floating Fixed interest Fixed interest Non-interest<br />
interest rate over1 to 5 years over 5 years Bearing Total<br />
$’000 $’000 $’000 $’000 $’000<br />
Financial Assets<br />
Cash and deposits 8,822 - - - 8,822<br />
Other cash reserves 6,715 - - - 6,715<br />
Receivables - - - 16,085 16,085<br />
GST clearing accounts - - - 450 450<br />
Security bonds and retentions - - - 693 693<br />
Weighted Average Interest Rate 4.00%<br />
15,537 - - 17,228 32,765<br />
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