Notes to and forming part of the Financial Statements for the Financial Year Ended 30 June 2022

13. Notes to the Statement of Cash flows

(a)

(b) Reconciliation of cash flow from operations with loss from ordinary activities

(c) Non-Cash Financing and Investing Activities

During the period, no distributions were reinvested by unitholders for additional units in the Scheme. During the period, no distributions receivable by the Scheme in respect of its investments were reinvested.

(d) Changes in liabilities arising from financing activities

14. Financial Instruments

(a) Financial risk management objectives

The Scheme does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes. The use of financial derivatives is governed by the Schemes investment policies, which provide written principles on the use of financial derivatives.

(b)

Significant

accounting policies

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial asset and financial liability are disclosed in note 1 to the financial statements.

Notes to and forming part of the Financial Statements for the Financial Year Ended 30 June 2022

(c) Credit Risk

The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount of those assets, net of any provisions for doubtful debts, as disclosed in the statement of financial position and notes to the financial statements. The Scheme does not have any material credit risk exposure to any single debtor or group of debtors under financial instruments entered into by the Scheme.

(d) Net Fair Values

The net fair value of financial assets and financial liabilities approximates their carrying values as disclosed in the Statement of Financial Position and notes to the financial statements

(e) Financial liab ility and financial asset maturity analysis

(f) Liquidity Risk

Liquidity risk is the risk that the Scheme will encounter difficulty in meeting obligations associated with financial liabilities. The Scheme manages this risk through the following mechanisms:

- preparing forward-looking cash flow analysis in relation to its operational, investing and financing activities;

- monitoring credit facilities;

- managing credit risk related to financial assets; and

- only investing surplus cash with major financial institutions