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NOTES to the Annual Financial Statements – for the year ended 30 June 2006

35. Financial risk management continued Foreign currency risk management continued The maturity profiles of the financial instruments at year-end (including those financial instruments for which the underlying transactions were recorded but payment not effected by year-end) are summarised as follows: 2006 2005 Marked to Marked to market value market value R’000 R’000 July 126 746 50 614 August 27 557 32 025 September 20 564 49 154 October 18 321 28 367 November 15 869 10 995 December 19 404 16 948 January 8 186 4 539 February 1 878 3 023 March 1 020 3 072 April 1 090 3 298 May 1 095 195 June 656 578 Total 242 386 202 808 Fair value The carrying amounts of the following financial assets and financial liabilities approximate to their fair value: cash, the preference share investment, trade payables, short-term borrowings and long-term borrowings. Information on the fair values of forward exchange contracts is included above. Information on the fair values of other financial instruments is included in the respective notes. Interest rate risk As disclosed under financial risk management on page 86 the Group continuously assesses its exposure to movements in interest rates and, where considered appropriate, enters into arrangements that are intended to mitigate these risks.

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Aspen Annual Report 2006

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Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006