National Consumer Tribunal Annual Report 2011/12 National Consumer Tribunal 2011-12 | Page 101

NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 31 March 2011
31 March
2011
R
19
31 March
2010
R
FINANCIAL INSTRUMENTS (continued)
Financial assets
Loans & other receivables
6 517 767
Trade and other receivables
3 547 293
- 106 606
6 517 767 3 440 687
Trade & other payables 3 187 994 1 730 785
Trade payables 1 778 091 1 154 870
Accruals 1 409 903 575 915
Cash and cash equivalents
Financial liabilities
Liquidity risk
Liquidity risk is the risk that the National Consumer Tribunal will encounter difficulty in
raising funds to meet its commitments. The National Consumer Tribunal’s approach to
managing liquidity is to ensure as far as possible that it will always have sufficient liquidity to
meet its liabilities when due, under both normal and stressed conditions, without incurring
unacceptable losses or risking damage to the National Consumer Tribunal’s reputation. The
bulk portion of the surplus is carried as cash or cash equivalents.
The ageing of trade payables from exchange transactions at the reporting date is per the
table below. The amounts disclosed are contractual cash flows.
Less than
1 year
73 711 Between 1
and 2 years
57 294 Between
2 and 5
years
32 724
3 301 761 - -
Finance leases Less than
1 year
55 713 Between 1
and 2 years
24 624 Between
2 and 5
years
8 208
Trade payables 1 864 467 - -
At 31 March 2011
Finance leases
Trade and other payables
At 31 March 2010
Over 5
Years
-
-
Over 5
Years
-
-
Interest rate risk
Interest rate risk is the risk that the value of a financial instrument will fluctuate owing to
changes in market interest rates.
31 March
31 March
2011
2010
Balances exposed to the interest rate risk
R
R
Deposits
Cash
- 91 173
6 517 767 3 440 687
6 517 767 3 531 860
Annual Report 2011
national consumer tribunal | page 99