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Wool Stocktake : AWI Annual Report 2009-10
Notes to the financial statements 2009 2009 $'000 $'000 Term deposits 43,749 43,000 2009 $'000 Cash and cash equivalents (note 8) and held-to- maturity investments (note 9) are represented as follows: Unrestricted 6,942 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 53,242 (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 $8.1 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. 2009 2009 $'000 $'000 Trade receivables 4,123 671 Provision for doubtful receivables (note (a)) (912) (59) 3,211 612 Related party receivable - 3,332 Provision for impairment of related party receivable - (3,332) - - Commonwealth matching funds & wool levy accruals 4,583 4,583 Other receivables 556 553 5,139 5,136 Insurance 163 150 Other 748 90 911 240 9,261 5,988 FINANCIAL REPORT
AWI Annual Report 2008-09
AWI Annual Report 2010-11