At 30 June 2018, if interest rates had changed by -/+100 basis points from the year-end rates with all other variables held constant, post-
tax prot for the year would have been $98,575 lower/higher (2017: $113,619).
Liquidity risk
Liquidity risk is the risk that the group will not be able to meet its nancial obligations as they fall due. The group’s approach to managing
liquidity is to ensure, as far as possible, that it will always have sufcient cash to meet its liabilities when due, under both normal and
stressed conditions, without incurring unacceptable losses or risking damage to the group’s reputation. The group monitors forecast
cash ows on regular basis to manage its liquidity risk.
Credit risk
Management has assessed the credit risk exposure as minimal at reporting date. Credit risk arises from exposure to customers and
deposits with banks. Management monitors its exposure to ensure recovery and repayment of outstanding amounts. Cash deposits are
only made with reputable banking institutions.
Notes to the Financial Statements
| Annual Report 2018