THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012
Differences between fair values and carrying amounts of financial instruments with fixed interest rates are due to the change in discount rates being applied by the market since their initial recognition by the company. Most of these instruments, which are carried at amortised cost (ie trade receivables, loan liabilities), are to be held until maturity and therefore the net fair value figures calculated bear little relevant to the company at amortised cost (ie term receivables, loan liabilities) are to be held until maturity and therefore the net fair value figures calculated bear little relevance to the company. 2012
Footnotes
Net carrying Value
2011 Net carrying Value
Net fair value
Net fair value
Financial Assets Cash and cash equivalents
(i)
402,185
402,185
299,983
299,983
Trade and other receivables
(i)
54,489
54,489
45,077
45,077
Available-for-sale financial assets:
(ii)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,523,800
1,523,800
1,523,800
1,523,800
1,980,474
1,980,474
1,868,860
1,868,860
1,076
1,076
26,258
26,258
1,076
1,076
26,258
26,258
FINANCIAL REPORT
- at fair value - listed investments available for sale Financial assets at fair value through profit or loss: - at fair value - listed investments available for trading Held to maturity financial assets - government and fixed interest securities
(ii)
(iii)
Total financial assets Financial Liabilities Trade and other payables
(i)
Total financial liabilities
The fair values disclosed in the above table have been determined based on the following methodologies: (i) Cash and cash equivalents, accounts receivable and other debtors and accounts payable and other payables are short-term instruments in nature whose carrying value is equivalent to fair value. Trade and other payables exclude amounts provided for annual leave, which is outside the scope of AASB 139. (ii) For listed available-for-sale and held-for-trading financial assets, closing quoted bid prices at the end of the reporting period are used. In determining the fair values of the unlisted Page 25
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