by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Wool Stocktake : AWI Annual Report 2013-14
Notes to the financial statements 2013 $'000 Cash at bank and in hand 19,320 Further details of cash and cash equivalents are set out in note 9. 2013 $'000 Term deposits 74,000 Cash and cash equivalents (note 8) and held-to-maturity investments are represented as follows: Unrestricted 53,720 Restricted as security against guarantees issued by the company's bankers(a) 2,500 Forward contract commitments(b) 10,300 Emergency funds(c) 5,000 Operating funds(c) 21,800 93,320 (a) Bank guarantees have been issued to a number of parties in respect of the company's liabilities. The company has given its primary bankers security over term deposits in respect of those amounts, such deposits attracting commercial interest rates. (b) A reserve of $15.9 million has been created to cover contracted forward commitments. (c) The directors resolved in September 2007 to set aside $5 million as emergency funds to cover any contingent expenditure arising from the Wool industry's obligation under the Emergency Animal Disease Response Agreement. Operating funds represent nine months of AWI operating costs to cover unexpected cessation of levy and grant revenue. FINANCIAL REPORT
AWI Annual Report 2014-15
AWI Annual Report 2012-13