Notes To The Financial Statements (Continued) for the year ended 30 June 2014 20.3 Fair Values The carrying amounts of trade and other receivables, cash and cash equivalents and trade and other payables approximate their fair value due to the short term maturities of these assets and liabilities. Principal financial instruments a) Accounts receivables b) Bank and cash balances c) Accounts payables Financial assets At fair value throughout the profit or loss Loans and receivables 2014 $ Accounts receivables 2013 2014 $ $ 2013 $ 103 588 9 761 - - Bank and cash balance 3 565 820 553 461 - - - - 3 677 408 563 222 Financial liabilities At fair value throughout the profit or loss At Amortized Cost 2014 2013 2014 $ $ $ 2013 $ Accounts payables - - 3 564 634 394 516 Long term Loans - - 393 249 412 363 - 3 957 882 806 879 - 20.4 Liquidity risk Liquidity risk is the risk that an organisation will encounter difficulties in meeting obligations associated with financial liabilities. The Board monitors its risk to shortage of funds by compiling periodic forecasts. 21 GOING CONCERN The Board of Trustees assessed the ability of the organization to continue operating as a going concern and believes that the preparation of these accounts on a going concern basis is still appropriate. 22 EVENTS AFTER THE REPORTING DATE There have been no material subsequent events after the reporting date. 23 APPROVAL OF FINANCIAL STATEMENTS These financial statements were approved by the Board of Trustees and authorized for issue on 14 November 2014. 55