NOTES TO THE FINANCIAL STATEMENTS  for the year ended 30 June 2001 28 Financial Instruments - continued Floating Non-interest Carrying Effective 2000 year interest rate sensitive value interest rate Financial Assets Cash at Bank/On Hand - 1,907,082  1,907,082 Money market / Deposit 38,799,966  - 38,799,966  6.00% Receivables - 40,313,273  40,313,273 Other financial assets - 1,967,246  1,967,246 38,799,966 44,187,601 82,987,567 Financial Liabilities Accounts payable - 3,345,242  3,345,242 (b) Credit Risk Exposures (c) Net fair values Valuation approach The economic entity's maximum exposures to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount, net of any provisions for doubtful debts of those assets as disclosed in the statement of financial position and notes to the financial statements. The Company minimised concentration of credit risk in relation to trade accounts receivable by undertaking transactions with a large number of customers. However, all the customers are concentrated in Australia. Credit risk in Trade receivables is managed in the following ways: payment terms are 28 days; a risk assessment process is used for customers over 90 days; and cash or Bank guarantee is obtained where appropriate. Marketable shares included in "Other financial assets" are traded in an organised financial market. The net fair value of marketable shares is determined by valuing them at the current quoted market sell price. The carrying amount of cash, deposits, accounts receivable and accounts payable approximate net fair value. Investments in unlisted securities are reflected at valuation - directors appraisals are undertaken as necessary to reflect substantial changes affecting the net fair value of investments. The aggregate net fair values and carrying amounts of financial assets and financial liabilities at balance date: 2001 year 2000 year Carrying Amount Net fair value Carrying Amount Net fair value Financial Assets Cash on hand / bank 4,211,663  4,211,663  1,907,082  1,907,082  Money market / deposits 34,335,208  34,335,208  38,799,966  38,799,966  Receivables 41,504,541 41,504,541 40,313,273 40,313,273 Other financial assets 8,628,427  8,628,427  1,967,246  1,967,246 88,679,839 88,679,839 82,987,567 82,987,567 Financial Liabilities Accounts payable 4,388,149  4,388,149  3,345,242  3,345,242  29 Segment reporting 30 Contingent liabilities The Company operates a taxi hiring and accounts service business to customers predominantly within Australia. The Company has no contingent liabilities. ABN 99 001 958 390 AND CONTROLLED ENTITIES 32 CABCHARGE AUSTRALIA LIMITED 