ACFI 2011/12.indd - Gauteng Provincial Treasury

GAUTENG PROVINCE PUBLIC ENTITIESNotes to the Combined Financial Statementsas at 31 March 2011Financial Instruments and Risk Management cont.Risk ManagementLiquidity Risk ManagementLiquidity risk is managed through the compilation and monitoring of cash fl ow forecasts as well as ensuring that there are adequatebanking facilities.The maturity profi les of the fi nancial liabilities are summarized as follows:At 31 March 2012Less than1 yearBetween 1and 2 yearsBetween 2and 5 yearsOver 5 yearsTrade and Other PayablesFinance Lease Obligations3,593,8142,956-2,397----At 31 March 2011Less than1 yearBetween 1and 2 yearsBetween 2and 5 yearsOver 5 yearsTrade and Other PayablesFinance Lease Obligations2,935,4113,272-1,718----Credit riskCredit risk exposure and concentrations of credit riskThe carrying amount of fi nancial assets represents the maximum credit exposure at the reporting date. The maximum exposure to creditrisk at the reporting date was:Financial InstrumentTrade and Other ReceivablesCash and cash equivalents2012R’0001,492,9382,999,4782011R’0001,374,8082,257,75084 Gauteng Provincial Government | Combined Financial Information Annual Report 2011/12