85
Straco Corporation Limited • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
25
Financial risk management (cont’d)
Accounting classifications and fair values
Fair values versus carrying amounts
The fair values of the financial assets and liabilities, together with the carrying amounts shown in the statement of financial position are as follows:
Note
Loans and
receivables
Financial
liabilities at
amortised cost
Total
carrying
amount
Fair value
$
$
$
$
Group
2014
Assets
Trade and other receivables
10
5,303,806
–
5,303,806
5,303,806
Cash and cash equivalents
11
112,465,351
–
112,465,351
112,465,351
117,769,157
–
117,769,157
117,769,157
Liabilities
Borrowings
15
–
(93,358,711)
(93,358,711)
(93,358,711)
Trade and other payables
17
–
(11,100,553)
(11,100,553)
(11,100,553)
–
(104,459,264)
(104,459,264)
(104,459,264)
2013
Assets
Trade and other receivables
10
25,817,756
–
25,817,756
25,817,756
Cash and cash equivalents
11
108,055,060
–
108,055,060
108,055,060
133,872,816
–
133,872,816
133,872,816
Liabilities
Trade and other payables
17
–
(10,226,009)
(10,226,009)
(10,226,009)
