REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 6
14/11/2014 17:40
- Part 6: For the preceding part double click ID:nRSN1233Xe
FINANCIAL
STATEMENTS
(Continued
)FOR THE
YEAR ENDED
30 JUNE
2014 11.
FINANCIAL
RISK
(Continued
)
Interest
rate risk
profile As
at 30 June
2014 Up to
1 year
Over 1
year Non
-interest
bearing
Total £
Assets
Other
receivable
s - -
7,607
7,607 Cash
and cash
equivalent
s 76,866 -
- 76,866
76,866 -
7,607
84,473
Liabilitie
s Trade
and other
payables -
- 57,831
57,831 As
at 30 June
2013 Up to
1 year
Over 1
year Non
-interest
Bearing
Total £
Assets
Trade and
other
receivable
s - -
7,642
7,642 Cash
and cash
equivalent
s 226,565
- -
226,565
226,565 -
7,642
234,207
Liabilitie
s Trade
and other
payables -
- 89,921
89,921
b)
Credit
Risk
Credit
risk is
the risk
that an
issuer or
counterpar
ty will be
unable or
unwilling
to meet
commitment
s it has
entered
into with
the
Company.
The
carrying
amounts of
the
financial
assets
best
represent
the
maximum
credit
exposure
at the end
of the
reporting
period.
This also
relates to
the
financial
assets
carried at
cost, as
they have
a short
term to
maturity.
The
Directors
do not
believe
the
Company is
subject to
any
significan
t credit
risk
exposure
regarding
trade
receivable
s. At the
period end
date the
Company
was
exposed to
credit
risk onRecent news on Westmount Energy
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