Berry Street Web Docs Financial Report 2009 | Page 16

BERRY STREET VICTORIA INC . ABN 24 719 196 762 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2009
NOTE 5 : TRADE AND OTHER RECEIVABLES ( continued ) Credit Risk
The entity has no significant concentration of credit risk with respect to any single counterparty or group of counterparties other than those receivables specifically provided for and mentioned . The main source of credit risk to the entity is considered to relate to the class of assets described as trade receivables .
Aged Receivables at 30 June 2009
Past due but not impaired
( days overdue )
Total
Not Due
30 Days
60 Days
90 Days +
$
$
$
$
$
Balance
884,968
677,230
72,007
3,971
131,760
Aged Receivables at 30 June 2008
Past due but not impaired
( days overdue )
Total
Not Due
30 Days
60 Days
90 Days +
$
$
$
$
$
Balance
825,767
714,173
23,494
28,994
59,106
NOTE 6 : FINANCIAL ASSETS
2009 2008 $ $
Market value of financial assets
Financial assets held to maturity
- Bank bills
10,160,593
6,175,105
Financial assets that are held for trading and fair valued
through the income statement
- Securities in listed corporations
3,323,385
7,994,488
Securities in listed corporations are held for trading purposes to generate income through the receipt of dividends and capital gains .
13,483,978 14,169,593
NOTE 7 : OTHER CURRENT ASSETS
Accrued Income
146,615
244,004
Prepayments
212,342
183,846
358,957 427,850
NOTE 8 : AVAILABLE FOR SALE FINANCIAL ASSETS
Market value of financial assets
Available for sale financial assets
- Managed investment funds
6,219,931
4,685,812
No assets have been pledged as collateral / security . 14