Wellcom_FY11-Financial-Report

The objective of market risk management is to manage

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Unformatted text preview: l affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. As the Group’s exposure to market risk is low, no derivative or financial liabilities were entered into during the year ended 30 June 2011 or the year ended 30 June 2010 with the purpose of managing market risks. The board will continue monitoring the Group’s exposure to market risk and in the event that derivatives and/or financial liabilities are entered into, the board will consider the costs and benefits of seeking to apply hedge accounting in order to manage volatility in profit and loss. 62 Wellcom Group Limited Notes to the Consolidated Financial Statements 24. Financial risk management and instruments (continued) For personal use only Currency risk The Group does not have material transactions between businesses in Australia and overseas which would giv...
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