Page 89

Forest NSW Annual Report 2012

Notes to and forming part of the financial statements For the year ended 30 June 2012 Note 23: Financial Instruments (i) Quantitative Disclosures   2012 2011 (i) Unrealised Gains/(Losses) from Derivatives $ (44 821) (6025) (ii) Contractual Maturity Analysis 2012 Category 1 to 5 years > 5 years Cash Flows Market Value Fixed Rate Borrowings $ (12 861 501) (101 188 903) (58 435 472) (172 485 876) (149 251 472) 2011 Category 1 to 5 years > 5 years Cash Flows Market Value Fixed Rate Borrowings $ (24 725 415) (63 022 650) (87 224 304) (174 972 369) (138 699 333) (iii) Sensitivity Analysis Interest Rate Risk 2012 2011 Approximate increase/(decrease) in fair value of financial liabilities assuming one percentage point decrease $653 800/ $580 890/ (increase) in interest rates $(653 800) $(580 890) Hour-Class Investment Facilities    Change in Unit Price 2012 2011 Hour-Glass Cash Facility   +/- 1% $ +/- 9,098 $ +/- 43,816 ** NB: All financial instruments are held in the Statutory Corporation, therefore, the above tables reflect the position of both the Statutory Corporation and the Economic Entity The following sensitivity analysis is based on the interest rate risk exposures in existence at the reporting date. At 30 June 2012, if interest rates had moved, as illustrated below, with all other variables held constant, post tax profit would have been affected as follows: Changes in interest rates Post tax profit - higher/(lower) 2012 2011 $'000 $'000 +/- 1% +/-936 +/- 942 The movements in profit are due to higher/lower interest costs predominately from fixed rate debt and cash balances. (iv) Net Fair Value of Financial Assets and Liabilities (a) Off Statement of Financial position Forests NSW have potential financial liabilities which may arise from certain contingencies disclosed in Note 28 - Contingent Liabilities. As explained in the note, the claims cannot be quantified in terms of the likely impact on the carrying value of the Forests NSW asset. Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance 89


Forest NSW Annual Report 2012
To see the actual publication please follow the link above