Berry Street Web Docs Financial Report 2011 | Page 28

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2011

NOTE 15: FINANCIAL RISK MANAGEMENT (Continued)
c)

Market Risk
(i) Interest Rate Risk

The association's exposure to interest rate risk which is the risk that a financial instrument's value will fluctuate as a result of changes in market interest rates and the
effective weighted average interest rates on classes of financial assets and financial liabilities is as follows:
Weighted Average

Floating Interest

Fixed Interest Rate

Non Interest Bearing

Total

Effective Interest Rate

Financial assets
Cash

2011

2010

2011

2010

2011

2010

2011

2010

2011

2010

%

%

$

$

$

$

$

$

$

$

4.75

4.5

2,960,805

2,996,956

-

-

-

-

2,960,805

2,996,956

Petty cash

-

-

-

-

33,700

33,500

33,700

33,500

Trade, other receivables and
other current assets

-

-

-

-

1,985,147

2,134,937

1,985,147

2,134,937

Securities

-

-

-

-

6,601,473

6,268,000

6,601,473

6,268,000

Long Term Investments

-

-

-

-

11,776,708

8,635,607

11,776,708

8,635,607

-

-

7,500,000

10,031,725

-

-

7,500,000

10,031,725

2,960,805

2,996,956

7,500,000

10,031,725

20,397,028

17,072,044

30,857,833

30,100,725

-

-

-

2,524,536

1,655,037

2,524,536

1,655,037

-

-

5,112,068

5,361,435

-

-

5,112,068

5,361,435

-

-

5,112,068

5,361,435

2,524,536

1,655,037

7,636,604

7,016,472

Other financial assets

6.0

5.15

Total financial assets
Financial liabilities
Trade and sundry payables
Lease liability
Total financial liabilities

7.95

7.95

All investments (except long term where noted) have been classified as maturing within twelve months. For the maturity periods in regard to lease liability refer to Note
12.
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