OTAGO MUSEUM

OTAGO MUSEUM TRUST BOARD
NOTES TO THE FINANCIAL STATEMENTS (Cont.)
For the Financial Year Ended 30 June, 2015
TRADE AND OTHER RECEIVABLES cont.
Trade Receivables
Ageing of past due but not impaired:
2015 2014
0–30 days 192 71,039
31–60 days 59,002 14,005
61–90 days 1,502 1,551
90 days+ 23,537 27,618
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$84,233 $114,213
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The Museum holds no collateral as security or other credit enhancements over receivables that are either past due or impaired.
9. DERIVATIVE FINANCIAL INSTRUMENTS
2015 2014
$ $
US Forward Contracts 1,333,040 -
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$1,333,040 $Nil
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The notional principal amounts of outstanding forward exchange contracts in New Zealand dollars were $1,333,040 (2014:
$Nil). The foreign currency principal amounts were US$909,400 (2014 US$Nil).
The fair values of forward foreign exchange contracts have been determined using a technique based on quoted market prices.
The inputs into the valuation model are from independently sourced market parameters such as currency rates.
10. INVENTORIES
2015 2014
$ $
Shop Stock 147,446 160,875
Café Stock 10,213 12,675
Venue Stock 6,118
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$163,777 $173,550
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The carrying amount of inventories pledged as security for liabilities is $Nil (2014: $Nil).
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