Annual Report 2005 - Publications Unit - The University of Western ...

THE UNIVERSITY OF WESTERN AUSTRALIANOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 200546.Financial instruments (continued )2005 Consolidated Floating Fixed interest maturing/repricing inNon -interest 1 year 1 to 2 2 to 3 3 to 4 4 to 5 more than interest 2005rate or less years years years years 5 years bearing TotalNotes $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000Financial liabilitiesPayables 31 - - - - - - - 17,894 17,894Advances 32 - - - - - - - 54 54Funds held for outside parties 32 3,427 - - - - 7,141 - 10,568Total financial liabilities - 3,427 - - - - 7,141 17,948 28,516Weighted average interest rate - 7.10% - - - - 18.04%Net financial assets 71,156 8,429 3,800 3,155 2,586 3,195 (4,881) 391,591 479,0312004 Consolidated Floating Fixed interest maturing/repricing in Non -interest 1 year over 1 year more than interest 2004rate or less to 5 years 5 years bearing Total$'000 $'000 $'000 $'000 $'000 $'000Financial assetsCash and cash equivalents 21 28,713 2,576 - - 65 31,354Receivables 22 - - - - 38,271 38,271Other shares and units 26 203 - - - 4,637 4,840Unsecured loan advances 26 - 138 1,097 - 2,000 3,235Managed investment portfolios 26 44,801 3,855 7,804 4,515 338,700 399,675Total financial assets 73,717 6,569 8,901 4,515 383,673 477,375Weighted average interest rate 5.29% 6.05% 6.99% 5.10%Financial liabilitiesPayables 31 - - - - 18,527 18,527Advances 32 - - - - 57 57Funds held for outside parties 32 - 5,689 - 3,991 - 9,680Total financial liabilities - 5,689 - 3,991 18,584 28,264Weighted average interest rate - 4.00% - 17.40%Net financial assets 73,717 880 8,901 524 365,089 449,111(c) Net fair value of financial assets and liabilitiesThe net fair value of financial assets and liabilities disclosed in the balance sheets are not materially different to the carrying valueof the financial assets and liabilities.70