St Barbara Mines Limited Annual Report 2004 Notes to the Financial Statements  for the year ended 30 June 2004 Consolidated Company 30 June 2004 $’000 30 June 2003 $’000 30 June 2004 $’000 30 June 2003 $’000 20. ACCUMULATED LOSSES Accumulated losses at the beginning of the  fi  nancial period (91,520) (58,787) (96,531) (68,596) Net pro fi  t attributable to members of the Company (24,315) (32,733) (31,929) (27,935) Accumulated losses at the end of the  fi  nancial period (115,835) (91,520) (128,460) (96,531) 21. OUTSIDE EQUITY INTEREST Outside equity interest in: - contributed equity 22,160 2,403 - - - accumulated losses opening balance (2,403) (2,151) - - - retained loss current period (913) (252) - - 18,844 - - - The outside equity interest arises from the Company’s 54.8% interest in NuStar which reduced from 88.3% during the  fi  nancial year. Refer to Note 29 for further details. The credit risk on  fi  nancial assets of the consolidated entity which have been recognised, other than investments  in shares, is generally the carrying amount, net of any provisions for doubtful debts. The consolidated entity’s exposure to interest rate risk and the effective weighted average interest rate by maturity  periods is set out in the following tables. Exposures arise predominantly from assets and liabilities bearing variable  interest rates as the consolidated entity intends to hold  fi  xed rate assets and liabilities to maturity. 22. FINANCIAL INSTRUMENTS (a) Credit Risk Exposures (b) Interest Rate Risk Exposures Fixed interest maturing in: Floating Interest rate  $’000 1 year or less  $’000 Over 1 to 5  years $’000 Non-interest  bearing $’000 Total $’000 30 June 2004 Financial assets Cash 12,849 - - - 12,849 Restricted cash 3,108 - - - 3,108 Receivables - - - 1,512 1,512 Investments - - - 188 188 15,957 - - 1,700 17,657 Weighted average interest rate 4.72%