text: 2013 
  $’000 
  
  Cash and cash equivalents   483 
  
  Receivables   127 
  
  Payables   (1,016) 
  
  Total exposure to foreign currency risk  (406) 
  
  The Group’s sale of gold produced from Chatree Gold Mine is in US dollars, however the functional currency of the subsidiary company that owns the Chatree 
  Gold Mine is Thai Baht and therefore, the Group’s profit is sensitive to movement in those currencies. 
  
  If the spot Australian dollar weakened / strengthened by one cent against the US dollar with all other variables held constant, the Group’s revenue for the 
  year would have been $2,510,000 higher / $2,456,000 lower (2012: $3,552,000 higher / $3,483,000 lower). 
  
  The Group’s current exposure to other foreign exchange movements is not material. 
  
  Commodity price risk 
  
  At 30 June 2013 the Group’s subsidiary, Challenger Gold Operations Pty Ltd, has forward sold 6,500 ounces of gold at an average price of $1,159 per ounce. 
  Subsequent to year-end the Group forward sold a further 50,000 ounces of gold over a 12 month period at an average price of $1,435 per ounce to manage 
  Australian gold price risk associated with forecast production from the Challenger Mine. 