Page 45 - AHEIA Annual Report

NOTE 14 FINANCIAL INSTRUMENTS (CONTINUED)
Interest rate risk
Floating Interest Rate
Total
2015 2016 $ $ 200 330,697 - 550,000 - 2,270,068
9,303 205,076 9,503 3,355,841
75,848 234,865 75,848 234,865
2016 2015 2016 Financial Assets: $ $ $
2015 $ 621,691 550,000 2,152,792
9,303 3,333,786
75,848 75,848
Cash 330,497
621,491 200
Term deposits
Investment – fair value through pro t or loss
Trade and other receivables Total Financial Assets
Financial Liabilities:
Trade and other payables Total Financial Liabilities
Price risk
550,000 550,000 2,270,068 2,152,792
- - 3,150,565 3,324,283
- - - -
- -
205,076 205,276
234,865 234,865
Non Interest Bearing
The Association is exposed to equity securities price risk through the managed funds held with MLC Masterkey Investment. This arises from investments held by the Association and classi ed on the statement of nancial position as fair value through pro t and loss. The Association is not exposed to commodity price risk.
To manage its price risk arising from investments in equity securities, the Association diversi es its portfolio. Diversi cation of the portfolio is done in accordance with the limits set by the Executive Committee based on advice provided by external nancial advisor. The majority of the Association’s equity investments are publicly traded funds.
2016
Interest rate risk
Other price risk
(1%) (1%) 1% 1% Net result Equity Net result Equity
(5%) (5%) 5% 5% Net result Equity Net result Equity
Cash and cash equivalents
330,697
(3,307)
(3,307)
3,307
3,307
-
-
-
-
Other nancial assets
3,025,147
-
-
-
-
(151,257)
(151,257)
151,257
151,257
Total
3,355,844
(3,307)
(3,307)
3,307
3,307
(151,257)
(151,257)
151,257
151,257
2015
Interest rate risk
Other price risk
(1%) (1%) 1% 1% Net result Equity Net result Equity
(5%) (5%) 5% 5% Net result Equity Net result Equity
Cash and cash equivalents
1,071,691
(1,072)
(1,072)
1,072
1,072
-
-
-
-
Other nancial assets
2,262,095
-
-
-
-
(113,105)
(113,105)
113,105
113,105
Total
3,333,786
(1,072)
(1,072)
1,072
1,072
(113,105)
(113,105)
113,105
113,105
AHEIA Annual Report 2016 45