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Wool Stocktake : AWI Annual Report 2017-18
NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2018 (CONTINUED) NOTE 2: FINANCIAL RISK MANAGEMENT (CONTINUED) (c) Liquidity risk Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and having funding available. Head Office Finance aims at maintaining flexibility in funding by keeping funds on call and term deposits with regular rolling maturity dates. The Group manages liquidity risk by continually monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities. Given the cash reserves available borrowing facilities are not required. (d) Fair value measurements The net fair value of cash and cash equivalents, other financial assets and financial liabilities approximate their carrying values. NOTE 3: REVENUE Consolidated 2018 2017 $'000 $'000 From continuing operations Operating revenue Wool levy 72,479 60, 211 Government contribution 17,870 14,742 License fees 7,321 7,611 Royalties 1,975 1,790 Sale of goods and services 242 1,153 Other 79 30 99,966 85,537 Other revenue Interest 2,556 2,376 Rents and sub-lease rentals 548 113 3,104 2,489 103,070 88,026 NOTE 4: OTHER LOSS Consolidated 2018 2017 $'000 $'000 Net foreign exchange loss (470) (313) 84 FINANCIAL REPORT
AWI Annual Report 2016-17