REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 6
25/11/2016 15:15
- Part 6: For the preceding part double click ID:nRSY2182Qe
rate risk
profile As
at 30 June
2016 Up to
1 year
Over 1
year Non
-interest
bearing
Total £
Assets
Other
receivable
s - -
10,023
10,023
Cash and
cash
equivalent
s 402,716
- -
402,716
402,716 -
10,023
412,739
Liabilitie
s Trade
and other
payables -
- 31,387
31,387 As
at 30 June
2015 Up to
1 year
Over 1
year Non
-interest
Bearing
Total £
Assets
Other
receivable
s - -
9,721
9,721 Cash
and cash
equivalent
s 7,291 -
- 7,291
7,291 -
9,721
17,012
Liabilitie
s Trade
and other
payables -
- 31,760
31,760
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 on
the
investment
s of which
the
shareholde
rs are
aware. The
Directors
regularly
review the
investment
s held by
the
Company.
At the end
of the
reporting
period,
the
Company's
financial
assets
exposed to
credit
risk
amounted
to the
following:
2016 £ 2015 £
Financial 216,299 536,821
assets at
fair value
through
profit or
loss
Other 10,023 9,721
receivable
s
Cash and 402,716 7,291
cash
equivalent
s
629,038 553,833
The
Company
considers
that all
the above
financial
assets are
not
impaired
or past
due for
each of
the
reporting
dates
under
review and
are of
good
credit
quality.
c)
Liquidity
Risk
Liquidity
risk is
the risk
that the
Company
cannot
meet its
liabilitie
s as they
fall due.
The
Company's
primary
source of
liquidity
consists
of cash
and cash
equivalent
s and
financial
assets
held at
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