CLOSE FILE X 30 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES  (continued) (b) Risk exposures and responses  (continued) (c) Terms, conditions and accounting policies Recognised Financial Instruments (i) Financial assets Receivables – trade debtors: Receivables – associates and other advances: Unsecured advances: Available for sale investments: (ii) Financial liabilities Trade and sundry creditors: Accounts payable – associated and other entities: Secured and unsecured borrowings: Finance lease liabilities: Interest rate swaps: Interest rate collars: 69 ANNUAL REPORT 2014 Liquidity is managed daily through the use of available cash flow and committed facilities. Refer to Note 6(c) for details of available financing facilities,  which shows that there were undrawn finance facility amounts of $197.5 million as at 30 June 2014 (2013: $148.6 million). Liquidity Risk  (continued) The Group’s accounting policies, including the terms and conditions of each class of financial asset, financial liability and equity instrument are as follows: Trade debtors are non-interest bearing and are carried at nominal amounts due less any allowance for doubtful debts. An allowance for doubtful debts is  recognised when there is objective evidence that the Group will not be able to collect the debt. Credit sales are normally settled on 30-90 day terms. Amounts (other than trade debts) receivable from associated entities and for other advances are carried at either the nominal amounts due or the amounts  initially recorded as recoverable. Interest, when charged, is recognised in profit or loss on an accrual basis, and provided against when not probable of  recovery. There are no fixed settlement terms for loans to associated and other entities. Unsecured advances are shown at cost. Interest, when charged, is recognised in profit or loss on an accrual basis. There are no fixed settlement terms. Available for sale investments are shown at cost. Creditors are recognised at amounts to be paid in the future for goods and services already received, whether or not billed to the Group. They are  non-interest bearing and are normally settled on 30-90 day terms. Amounts owing to associated and other entities are carried at the principal amount. Interest, when charged, is recognised in profit or loss on an accruals  basis. There are no fixed settlement terms. All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial  recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method. Gains and losses  are recognised in profit or loss when the liabilities are de-recognised. Interest is recognised in profit or loss on an accrual basis. Bank loans are repayable  either monthly or at other intervals, which in some cases are dependant on relevant financial ratios, or at expiry, with terms ranging from less than one  year to greater than five years. While interest is charged either at the bank’s floating rate or at a contracted rate above the Australian dollar BBSY rate,  certain borrowings are subject to interest rate swaps or collars (refer below). Details of security over bank loans is set out in Note 16. At reporting date, the Group had a number of interest rate swap agreements in place. Such agreements are being used to hedge the cash flow interest rate  risk of various debt obligations with a floating interest rate. Finance lease liabilities are accounted for in accordance with AASB 117:  Leases . As at reporting date, the Group had no finance leases. At reporting date, the Group had no remaining interest rate collar (floor and cap) agreements in place. These derivatives were being used to assist in  hedging the cash flow interest rate risk of various debt obligations with a floating interest rate. The interest rate swaps have the same critical terms as the underlying debt obligations. The interest rate collars have been based on the underlying debt  obligations, and closely matched the terms of those obligations. 1 YEAR OR LESS OVER 1 YEAR TO 5 YEARS MORE THAN 5 YEARS TOTAL 2014  $’000 2013  $’000 2014  $’000 2013  $’000 2014  $’000 2013  $’000 2014  $’000 2013  $’000 (i) Financial assets Cash 130,382 146,909 – – – – 130,382 146,909 Receivables and other advances 107,736 112,565 14,071 15,616 – – 121,807 128,181 Derivatives 39,470 50,128 11,637 2,413 – – 51,107 52,541 Security deposits – – 17 – 32 1,425 49 1,425 Total financial assets 277,588 309,602 25,725 18,029 32 1,425 303,345 329,056 (ii) Financial liabilities Trade and other payables 195,958 240,941 46,197 51,232 – – 242,155 292,173 Secured and unsecured borrowings 50,418 36,938 549,928 399,530 – 35,230 600,346 471,698 Derivatives 40,259 51,274 12,434 3,892 – – 52,693 55,166 Total financial liabilities 286,635 329,153 608,559 454,654 – 35,230 895,194 819,037 Net maturity (9,047) (19,551) (582,834) (436,625) 32 (33,805) (591,849) (489,981)