Notes To The Financial Statements 30 June 2015 11.3 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. The following are contractual maturities of financial liablities, including estimated interest payments and excluding the impact of netting agreements: 30 June 2015 12 Carrying amount US$ Contractual cash flows US$ 0-12 months US$ 379 643 60 412 379 679 379 643 60 412 379 679 21 017 60 412 379 679 358 626 - 819 734 819 734 461 108 358 626 Non-derivative financial liabilities Interest bearing borrowing Trade payables Other payables 12 months or more US$ 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. 13 EVENTS AFTER THE REPORTING DATE There have been no material subsequent events after the reporting date. 58 Legal Resources Foundation Annual Report 2015