Note 02
Financial risk management (continued)
As at the reporting date, the Group had the following variable rate investments :
30 June 2012
30 June 2011
Consolidated
Weighted
average
interest rate
Balance
Weighted
average
interest rate
Balance
%
$’000
%
$’000
Cash at bank
4.1%
45,924
4.4%
33,513
Deposits at call
-%
-
5.8%
90,114
Held to maturity assets
-%
-
6.1%
20,418
Net exposure to cash flow
interest rate risk
45,924
144,045
Consolidated
Interest rate risk
Foreign exchange risk
30 June 2012
‑0.5% +0.5% ‑10%
+10%
Profit Equity Profit Equity Profit Equity Profit Equity
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Financial assets
Cash and cash equivalents
(161)
(161)
161 161
-
-
-
-
Derivatives cash flow hedge –
foreign exchange
-
-
-
-
-
(547)
-
458
Total increase/
(decrease) in financial assets
(161) (161)
161 161
- (547)
-
458
Financial liabilities
Derivatives cash flow hedge –
foreign exchange
-
-
-
-
-
(44)
-
36
Net increase/(decrease)
(161) (161)
161 161
- (591)
-
494
Consolidated
Interest rate risk
Foreign exchange risk
30 June 2011
‑0.5%
+0.5%
‑10%
+10%
Profit Equity Profit Equity Profit Equity Profit Equity
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Financial assets
Cash and cash equivalents
(117)
(117)
117 117
-
-
-
-
Total increase/(decrease) in
financial assets
(117)
(117)
117 117
-
-
-
-
Financial liabilities
Derivatives ‑ cash flow hedges
-
-
-
-
-
46
-
(37)
Net increase/(decrease)
(117)
(117)
117 117
-
46
-
(37)
72
