FINANCIAL

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NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2006 Note 28: Financial instruments (continued) (b) Interest rate risk management Maturity profile of financial instruments The following table details the consolidated entity’s exposure to interest rate risk as at 30 June 2006: Weighted Variable Fixed maturity dates Non 2006 average effective interest < 1 1-2 2-3 3-4 4-5 5+ interest Total interest rate rate year years years years years years bearing % $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Financial assets: Cash and cash equivalents 4.91% 6,818 6,818 Trade receivables 1,173 1,173 Other receivables 1,544 1,544 Interest bearing deposits 5.74% 12,116 12,116 Shares 40,194 40,194 Managed trusts & funds 3,884 3,884 Fixed interest securities 8.67% 778 778 Fixed interest securities 9.03% 1,865 1,865 Fixed interest securities 7.72% 3,114 3,114 Fixed interest securities 7.84% 2,179 2,179 Fixed interest securities 8.44% 1,718 1,718 Fixed interest securities 7.18% 5,007 5,007 18,934 778 1,865 3,114 2,179 1,718 5,007 46,795 80,390 Financial liabilities: Trade payables 1,877 1,877 Other payables 3,358 3,358 Employee benefits 6,498 6,498 Other liabilities 499 499 12,232 12,232 40 Vision Australia Financial Report 2005/2006
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2006 Note 28: Financial instruments (continued) The following table details the consolidated entity’s exposure to interest rate risk as at 30 June 2005: Weighted Variable Fixed maturity dates Non 2005 average effective interest < 1 1-5 5+ interest Total interest rate rate year years years bearing % $’000 $’000 $’000 $’000 $’000 $’000 Financial assets: Trade debtors 1,023 1,023 Other debtors 6,821 6,821 Managed trusts 26,930 26,930 Listed and unlisted 16,994 16,994 investments Cash and cash 5.50% 3,106 3,106 equivalents Deposits at 5.53% 7,518 7,518 fixed rates Bills of exchange 5.50% 2,732 2,732 Fixed interest 7.26% 1,475 4,407 952 6,834 securities Financial liabilities: 13,356 1,475 4,407 952 51,768 71,958 Trade creditors & accruals 3,785 3,785 Employee benefits 7,030 7,030 10,815 10,815 (c) Credit risk management Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the consolidated entity. The consolidated entity does have major contracts with Commonwealth and State Governments however, apart from this, it does not have any significant credit risk exposure to any single counter-party or group of counter-parties. The carrying amount of financial assets recorded in the financial statements net of any allowances for losses, represents the consolidated entity’s maximum exposure to credit risk. Vision Australia Financial Report 2005/2006 41
Page 1: 05 06 Financial report for the fina
Page 4 and 5: Principal Activities The principal
Page 6 and 7: Board Committees To maximise its ef
Page 8 and 9: Directors’ meetings The following
Page 10 and 11: INCOME STATEMENT FOR THE FINANCIAL
Page 12 and 13: STATEMENT OF CHANGES IN EQUITY FOR
Page 14 and 15: NOTES TO THE FINANCIAL STATEMENTS F
Page 52 and 53: EXECUTIVES’ DECLARATION The Chief
Page 54 and 55: The Board of Directors Vision Austr
Page 56 and 57: Qualification Donations and bequest
Page 58 and 59: Mr N Grace Mr J R Grahame Miss R Gr
Page 60 and 61: Estate of the Late E J Colby Estate
Page 62 and 63: Corporates - $1,000 or more A1 Blin
Page 64 and 65: Government funding and support Fede
Page 66 and 67: Gandel Foundation George Lewin Foun

FINANCIAL

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