Plan Worldwide Annual Review and Combined Financial ...
Plan Worldwide Annual Review and Combined Financial ...
Plan Worldwide Annual Review and Combined Financial ...
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Bank deposits<br />
& cash<br />
Debt securities Equities 30 June<br />
2011<br />
€000 €000 €000 €000<br />
Rated A or better<br />
Cash <strong>and</strong> cash equivalents 224,707 - - 224,707<br />
Current asset investments available for sale 7,776 10,531 9,996 28,303<br />
Current asset investments held to maturity - 314 - 314<br />
Non-current asset investments available for sale - 2,594 30 2,624<br />
Non-current asset investments held to maturity - 1,704 - 1,704<br />
Total rated A or better 232,483 15,143 10,026 257,652<br />
Other<br />
Cash <strong>and</strong> cash equivalents 20,806 - - 20,806<br />
Current asset investments available for sale - 364 1,107 1,471<br />
Non-current asset investments available for sale - - 431 431<br />
Total other 20,806 364 1,538 22,708<br />
Total<br />
Cash <strong>and</strong> cash equivalents 245,513 - - 245,513<br />
Current asset investments available for sale 7,776 10,895 11,103 29,774<br />
Current asset investments held to maturity - 314 - 314<br />
Non-current asset investments available for sale - 2,594 461 3,055<br />
Non-current asset investments held to maturity - 1,704 - 1,704<br />
Total cash <strong>and</strong> investments 253,289 15,507 11,564 280,360<br />
c. Liquidity risk<br />
<strong>Plan</strong> commits to expenditure only when funds are available <strong>and</strong> seeks to maintain minimum reserves as set out in note 1f. to these combined<br />
financial statements. Therefore liquidity risk is kept to a minimum. This is reflected in the combined statement of financial position where<br />
current assets of €342 million are over 7 times larger than current liabilities of €46 million. <strong>Plan</strong> uses bank overdrafts to meet short term<br />
financing requirements. As at 30 June 2012, the aggregate value of these bank overdrafts was €0.4 million (2011: €0.2 million).<br />
d. Fair value estimation<br />
<strong>Plan</strong> International <strong>Worldwide</strong> <strong>Combined</strong> <strong>Financial</strong> Statements for the year ended 30 June 2012<br />
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