Berry Street Web Docs Financial Report 2009 | Page 23
BERRY STREET VICTORIA INC.
ABN 24 719 196 762
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
NOTE 16: FINANCIAL RISK MANAGEMENT (Continued)
(e)
Net Fair Values
Methods and assumptions used in determining net fair value:
The net fair values of listed investments are the quoted market bid price at balance sheet date adjusted for
transaction costs expected to be incurred. For other assets and other liabilities the net fair value
approximates their carrying values. No financial assets and financial liabilities are readily traded on
organised markets in standardised form other than listed investments.
The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed
in the balance sheet and in the notes to the financial statements.
2009
2008
Carrying Amount
$
Net Fair
Value
$
Carrying Amount
$
Net Fair
Value
$
Financial assets
Cash
1,003,001
1,003,001
1,133,235
1,133,235
10,160,593
10,160,593
6,175,105
6,175,105
2,345,150
2,345,150
1,353,492
1,353,492
13,508,744
13,508,744
8,661,832
8,661,832
Trade and other payables
4,274,798
4,274,798
4,404,229
4,404,229
Lease liabilities
4,791,364
4,791,364
4,147,509
4,147,509
9,066,162
9,066,162
8,551,738
8,551,738
Held for trading financial assets
at fair value
Trade and other receivables
Financial liabilities
21