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Notes to the Financial Statements

For the year ended 30 June 2009

3. FINANCIAL RISK MANAGEMENT (continued)

Interest rate risk (continued) The following sensitivity analysis is based on the interest rate exposures in existence at the balance sheet date.

Consolidated +1.00% (100 basis points) +0.50% (50 basis points) – 0.50% (50 basis points)

2009 $’000

2008 $’000

2009 $’000

2008 $’000

368 184 (118)

807 200 (814)

Post Tax Profit

Equity

Higher/(Lower)

Higher/(Lower)

The impact of an increase of 1.00% (100 basis points) or an increase or decrease of 0.50% (50 basis points) in average interest rates at reporting date, with all other variables held constant, is illustrated below:

2009

2008

2009

2008

$’000

$’000

$’000

$’000

Post Tax Profit

Equity

Higher/(Lower)

Higher/(Lower)

+1.00% (100 basis points)

186

251

+0.50% (50 basis points)

93

(78)

– 0.50% (50 basis points)

(118)

(814)

The above fluctuations in profit and equity are net of interest capitalised to inventories. The effect on the profit and equity on the basis that no interest is capitalised, would be as follows:

Consolidated

AVJennings Limited ABN 44 004 327 771 39

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