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 2008-09
Notes to the financial statements 30 June 2009 ( c o n t i n u e d ) NOTE 8: Current assets - Held-to-maturity investments 2008 2008 $'000 $'000 Term deposits 237 - 2008 $'000 Cash and cash equivalents (note 7) and held-to- maturity investments (note 8) are represented as follows: Unrestricted 18,511 Restricted as security against guarantees issued by the company's bankers(a) 2,700 Restricted by the Directors in respect of: Forward contract commitments(b) 22,200 Emergency funds(c) 5,000 Operating funds(c) 16,400 64,811 (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 $22.2 million has been created to cover forward commitments. (c) The directors resolved in September 2007 to set aside $5 million as emergency funds to cover any unforeseeable expenditure and nine months of operating costs in respect of future liabilities. NOTE 9: Current assets - Trade and other receivables 2008 2008 $'000 $'000 Trade receivables 8,375 3,729 Provision for doubtful receivables (381) - 7,994 3,729 Commonwealth matching funds & wool levy accruals 2,895 2,895 Other receivables 2,348 4,300 Provision for impairment of intercompany receivable - (1,890) 5,243 5,305 Insurance 108 80 Other 281 - 389 80 13,626 9,114
AWI Annual Report 2007-08
AWI Annual Report 2009-10