FirstChoice Wholesale Investments part 2 - Colonial First State

COLONIAL FIRST STATE - FIRSTCHOICE WHOLESALE INVESTMENT FUNDS
9. FINANCIAL RISK MANAGEMENT (continued)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE REPORTING PERIOD ENDED 30 JUNE 2013
(d)
Liquidity risk
The Funds are exposed to daily cash redemptions of redeemable units. It therefore primarily holds investments that are
traded in an active market and can be readily disposed. Only a limited proportion of its assets are held in investments not
actively traded on a stock exchange.
The Funds' listed securities are considered readily realisable, as they are listed on either the Australian Stock Exchange
or other recognised International Stock Exchanges.
Certain Funds may, from time to time, invest in derivative contracts traded over the counter, which are not traded in an
organised market and may be illiquid. As a result, these Funds may not be able to quickly liquidate their investments in
these instruments at an amount close to their fair value to meet its liquidity requirements or to respond to specific events
such as deterioration in the creditworthiness of any particular issuer or counterparty. Investments with a higher liquidity risk
have been disclosed under "Level 3" in the "Fair Value Hierarchy Of Financial Assets And Liabilities" note to the financial
statements.
The Funds' financial liabilities, excluding derivative financial liabilities, comprise trade and other payables and are
contractually due within 30 days.
The table below analyses the Funds' derivative financial instruments into relevant maturity groupings based on the remaining
period to the contractual maturity date at the year end date. The amounts disclosed in the table are the contractual
undiscounted gross cash flows expected to be paid or received, determined by reference to the conditions existing at the
reporting period end date. The contractual amounts can be settled on a gross or net basis.
FirstChoice Wholesale Moderate
Less than 1 - 3 3 - 12 1 - 2 2 - 3 More than Total
30/06/2013 1 month months months years years 3 years
$'000 $'000 $'000 $'000 $'000 $'000 $'000
Consolidated
Derivatives:
Inflows 320,696 857,812 127,794 3,183 1,670 42,825 1,353,980
(Outflows) (327,006) (862,981) (126,218) (2,738) (2,019) (46,164) (1,367,126)
Derivatives:
Inflows - - -
Parent
- - - -
(Outflows) - - - - - - -
Less than 1 - 3 3 - 12 1 - 2 2 - 3 More than Total
30/06/2012 1 month months months years years 3 years
$'000 $'000 $'000 $'000 $'000 $'000 $'000
Derivatives:
Inflows 38,434 409,764 1,492
Consolidated
- - - 449,690
(Outflows) (39,586) (414,250) (1,541) - - - (455,377)
Parent
Derivatives:
Inflows - - - - - - -
(Outflows) - - - - - - -
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