Annual Report 2011 Australian Grand Prix Corporation

Notes to and Forming Part of the Financial Statementsfor the Financial Year Ended 30 June 2011(b) Net holding gain/(loss) on financial instruments by category2011Net holdinggain/lossTotal interestincome/expenseTotal$000’s $000’s $000’sContractual financial assets:Financial assets designated at fair valuethrough profit/loss - - -Financial assets – loans and receivables - 1,821 1,821Total contractual financial assets: - 1,821 1,821Contractual financial liabilities:Payables - - -Total contractual financial liabilities - - -2010Net holdinggain/lossTotal interestincome/expense$000’s $000’s $000’sContractual financial assets:Financial assets designated at fair valuethrough profit/loss - - -Financial assets – loans and receivables - 1,265 1,265Total contractual financial assets - 1,265 1,265TotalContractual financial liabilities:Payables - - -Total contractual financial liabilities - - -The net holding gains and losses disclosed above are determined as follows:• for cash and cash equivalents, loans or receivables and available-for-sale financial assets, thenet gain or loss is calculated by taking the movement in the fair value of the asset, the interestincome, plus or minus foreign exchange gains or losses arising from revaluation of financialassets, and minus any impairment recognised in the net result.• for financial liabilities measured at amortised cost, the net gain or loss is calculated by takingthe interest expense, plus or minus foreign exchange gains or losses arising from the revaluationof financial liabilities measured at amortised cost.56Australian Grand Prix Corporation Annual Report 2011