NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT For the three months ended 31 March 2013 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Risk exposures and responses (continued) (v) Liquidity risk (continued) Liquid non-derivative assets comprising cash and receivables are considered in the Group’s overall liquidity risk� We ensure that sufficient liquid  assets are available to meet all the required short-term cash payments�  We monitor rolling forecasts of liquidity reserves on the basis of expected cash flow�  72 Australian Agricultural Company Limited Less than or equal to  6 months $000 6-12 Months $000 1-2 years $000 2-5 years  $000 Total  $000 31 March 2013 Liquid financial assets Cash and cash equivalents 11,248 - - - 11,248 Trade and other receivables 16,829 - - - 16,829 Derivatives  544 - - -  544 28,621 - - - 28,621 Financial liabilities Trade and other payables (26,055) - - - (26,055) Interest bearing loans and borrowings (13,155) (24,871) (426,171) (5,473) (469,670) Derivatives (2,016) (1,223) (2,301) - (5,540) (41,226) (26,094) (428,472) (5,473) (501,265) Net maturity (12,605) (26,094) (428,472) (5,473) (472,644) 31 December 2012 Liquid financial assets Cash and cash equivalents 22,362 - - - 22,362 Trade and other receivables 17,372 - - - 17,372 Derivatives 1,027 - - - 1,027 40,761 - - - 40,761 Financial liabilities Trade and other payables (32,795) - - - (32,795) Interest bearing loans and borrowings (12,015) (11,917) (23,286) (414,390) (461,608) Derivatives (1,611) (1,049) (2,099) (415) (5,174) (46,421) (12,966) (25,385) (414,805) (499,577) Net maturity (5,660) (12,966) (25,385) (414,805) (458,816) 31 March 2012 (reviewed) Liquid financial assets Cash and cash equivalents 14,733 - - - 14,733 Trade and other receivables 9,830 - - - 9,830 Derivatives 362  362 24,925 - - - 24,925 Financial liabilities Trade and other payables (10,893) - - - (10,893) Interest bearing loans and borrowings (8,728) (12,686) (23,730) (401,437) (446,581) Derivatives (1,490) (1,597) (2,448) (2,300) ( 7,835) (21,111) (14,283) (26,178) (403,737) (465,309) Net maturity 3,814 (14,283) (26,178) (403,737) (440,384)