SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

23. FINANCIAL INSTRUMENTS (CONTINUED)
(a) Interest Rate Risk (continued)
Sensitivity Analysis—Interest Rate Risk
The company has performed a sensitivity analysis relating to its exposure to interest rate risk at balance date.
This sensitivity analysis demonstrates the effect on the current year results and equity from a change in these risks.
Change in profi t
2008
$
Consolidated Parent Entity
Increase in interest rate by 2% 371,914 282,479 284,777 235,898
Decrease in interest rate by 2% (371,914) (282,479) (284,777) (235,898)
Change in equity
Increase in interest rate by 2% 371,914 282,479 284,777 235,898
Decrease in interest rate by 2% (371,914) (282,479) (284,777) (235,898)
(b) Foreign Currency Risk
The entity is not exposed to fl uctuations in foreign currency.
(c) Credit Risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised
fi nancial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the balance sheet and
notes to the fi nancial statements. The company does not have any material credit risk exposure to any single debtor or
group of debtors under fi nancial instruments entered into by the entity.
(d) Liquidity Risk
The entity manages liquidity risk by monitoring forecast cash fl ows.
(e) Price Risk
The entity is not exposed to material commodity price risk.
(f) Net Fair Values
For all assets and liabilities the net fair value approximates their carrying value.
SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180
2007
$
2008
$
SECTION 03—FINANCIAL STATEMENTS
2007
$
85