MONUMENT MINING LIMITED Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 6. Financial Instruments and Financial Risk Exposure (continued)  a. Financial Assets and Liabilities (continued) The Company’s cash equivalents bear interest at rates between 0.60% to Prime less 2.00% (2009 – Prime less 2.00% to 2.65%)  and mature between July 14, 2010 and September 12, 2010 (2009 – July 16, 2009 and September 11, 2009). The instrument  maturing July 14, 2010 in the amount of $34,500 was renewed to July 13, 2011 bearing interest at Prime less 1.85% and the  remaining instruments were redeemed subsequent to year-end.  The carrying values of financial liabilities by category at June 30, 2010 and 2009 are as follows:  The Company’s financial instruments are exposed to certain financial risks, including market risk, credit risk, and liquidity risk. b. Financial Instrument Risk Exposure  (i) Market risk  Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in  market prices. Market risk is comprised of three types of risk: foreign currency risk, price risk and interest rate risk. The Company is exposed to foreign currency risk to the extent expenditures incurred or funds received by the Company are not  denominated in Canadian dollars. Proceeds from gold sales are in US dollars. The majority of the Company’s expenditures  related to the mine operations and mineral property interests are in Malaysian ringgit, US dollars and Australian dollars. The  Company’s ability to generate revenue and to make payments to satisfy its obligations will be affected by foreign currency rate  fluctuations. The Company is also exposed to foreign currency risk to the extent that it holds cash in Malaysian ringgit and US  dollars. As at June 30, 2010 and 2009, the Company is exposed to currency risk through the following assets and liabilities denominated  in Malaysian ringgit:  Based on the above net exposures as at June 30, 2010, and assuming that all other variables remain constant, a 5% depreciation  or appreciation of the Malaysian ringgit against the Canadian dollar would result in an increase/decrease of approximately $151,000 (2009 – $66,000) in the Company’s net losses. As at June 30, 2010 and 2009, the Company is exposed to foreign currency risk through the following assets denominated in US  dollars:  31 | P a g e Financial liabilities  Other liabilities  2010  2009  Accounts payable and accrued liabilities  $ 3,844,291  $ 2,095,964  2010  2009  In thousands  RM  CDN  RM  CDN  Cash and cash equivalents   383  125  6,590  1,187  Restricted cash  565  185  221  73  Forward contracts  -  -  31  10  Accounts receivable 8  3  13  4  Deposits and advances  260  85  2,892  956  Accounts payable and accrued liabilities  (10,464)  (3,428)  (5,749)  (1,901)  2010  2009  In thousands  US$  CDN  US$  CDN  Cash and cash equivalents  3,354  3,545  -  -  Accounts receivable 1,815  1,932  -  -  Accounts payable and accrued liabilities  (87)  (93)  -  -  Currency risk 