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Unformatted text preview: ,511,614 (2010: $1,343,657). 59 Wellcom Group Limited
Notes to the Consolidated Financial Statements 24. Financial risk management and instruments For personal use only a) Significant accounting policies
Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of
measurement and the basis on which income and expenses are recognised, in respect of each class financial asset,
financial liability and equity instrument are disclosed in note 2 of the financial statements. b) Financial risk management
The Group has exposure to the following risks from its use of financial instruments:
• Credit risk
Market risk. This note presents information about the Group’s exposure to each of the above risks, its objectives, policies and
processes for measuring and managing risk. Quantitative disclosures are also included in this note.
The board of directors has overall responsibility for the establishment and oversight o...
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This document was uploaded on 02/06/2014.
- Spring '14