Notes to the Financial Statements (continued)  38. Financial Instruments (continued)  (b) Interest Rate Risk Exposures  The consolidated entity is exposed to interest rate risk through primary financial assets and liabilities, modified through  derivative financial instruments such as interest rate and cross currency swaps. The following table summarises  interest rate risk for the consolidated entity, together with effective interest rates as at balance date.  66  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  Floating interest rates represent the most recently determined rate applicable to the instrument at balance date.  Fixed interest rate maturing in  2002  Principal  Subject to  Floating  interest  rate (a)  1 year  or less  Over  1 to 5  years  More than  5 years Non-  interest  bearing Total  Average interest rate  $000 $000 $000 $000 $000 $000 Floating Fixed Financial assets  Cash 29,501 - - - 763 30,264 2.6% – 4.37% - Consumer finance loans  - 1 30 - 6,226 6,257 - 9% Finance lease receivables  17,356  -  -  -  -  17,356  9% – 12%  -  Trade debtors - - - - 529,229 529,229 - - Other financial assets  - 7,970 - - 21,366 29,336 - 4.86% Non-trade debtors &  loans  22,214  -  -  -  8,557  30,771  6.3% – 12% -  69,071 7,971 30 - 566,141 643,213 Financial liabilities  Bank overdraft 7,270 - - - - 7,270 2.6%-4.37% - Payables - - - - 395,223 395,223 - - Bills payable 281,689 - - - - 281,689 4.66% - Finance lease liabilities -  6,994  9,389  -  -  16,383  -  8% – 9%  Hire purchase liabilities  - 32 16 - - 48 - 7.94% Interest rate swaps (100,000) - 100,000 - - - - 5.09%–5.97% Other loans 14,879 - - - 2,724 17,603 4.7% - 203,838 7,026 109,405 - 397,947 718,216 Fixed interest rate maturing in  2003  Principal  Subject to  Floating  interest  rate (a)  1 year  or less  Over  1 to 5  years  More than  5 years Non-  interest  bearing Total  Average interest rate  $000 $000 $000 $000 $000 $000 Floating Fixed Financial assets  Cash 26,024 - - - 945 26,969 1.3% – 4.6% - Consumer finance loans  - 11 165 - 2,916 3,092 - 9.0% Finance lease receivables  19,880  -  -  -  -  19,880  8.0% – 12.0%  -  Trade debtors - - - - 616,551 616,551 - - Other financial assets  - - - - 24,837 24,837 - - Non-trade debtors &  loans  27,363  582  -  -  2,089  30,034  7.0% – 12.0%  9.5%  73,267 593 165 - 647,338 721,363 Financial liabilities  Bank overdraft 5,685 171 - - - 5,856 2.8% - 9.1% 5.5% Payables - - - - 429,335 429,335 - - Bills payable 386,714 - - - - 386,714 4.9% - 6.6% - Finance lease liabilities - 5,991 4,073 - - 10,064 - 6.0% – 8.1% Hire purchase liabilities  - - - - - - - - Interest rate swaps (300,000) - 300,000 - - - - 4.99% – 5.6% Other loans 10,057 - - - 3,828 13,885 5.2% - 102,456 6,162 304,073 - 433,163 845,854