Annual Report 2001-2002 - Western Australian Museum - The ...
Annual Report 2001-2002 - Western Australian Museum - The ...
Annual Report 2001-2002 - Western Australian Museum - The ...
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Accounts and Financial Statements<br />
22. Financial Instruments<br />
(a) Interest Rate Risk Exposure<br />
<strong>The</strong> following table details the Authority’s exposure to interest rate risk as at the reporting date:<br />
90<br />
Fixed Interest Rate Maturity<br />
Weighted Variable Less 1 to 5 More Non- Total<br />
Average Interest than 1 Years than 5 Interest<br />
Effective Rate Year Years Bearing<br />
Interest<br />
Rate<br />
<strong>2002</strong> % $000 $000 $000 $000 $000 $000<br />
4.74<br />
Financial Assets<br />
Cash assets 3,287 3,287<br />
Restricted cash assets 1,166 1,166<br />
Receivables 580 580<br />
Prepayments 15 15<br />
Other 174 174<br />
4,453 769 5,222<br />
Financial Liabilities<br />
Payables 99 99<br />
99 99<br />
<strong>2001</strong> 5.93<br />
Financial assets 3,788 827 4,615<br />
Financial liabilities 168 168<br />
(b) Credit Risk Exposure<br />
<strong>The</strong> WA <strong>Museum</strong> has limited credit risk exposure. <strong>The</strong> carrying amount of financial assets recorded in the financial<br />
statements, other than debt receivables, represents the authorities maximum exposure to credit risk.<br />
(c) Net Fair Values<br />
<strong>The</strong> carrying amount of financial assets and financial liabilities recorded in the financial statements are not materially<br />
different from their net fair values, determined in accordance with the accounting policies disclosed in note 1 to the<br />
financial statements.<br />
WESTERN AUSTRALIAN MUSEUM ANNUAL REPORT <strong>2001</strong>–<strong>2002</strong>