text: **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**
  
  **NOTE 33 – FINANCIAL RISK MANAGEMENT continued**
  
  **b) Net Fair Value of Financial Assets and Liabilities**
  
  The net fair value of cash and cash equivalent and non-interest bearing monetary financial assets and financial 
  liabilities of the consolidated entity approximate their carrying value. 
  
  The net fair value of other monetary financial assets and financial liabilities is based on discounting future cash 
  flows by the current interest rates for assets and liabilities with similar risk profiles. Other than the Junior Credit 
  Facility, the balances are not materially different from those disclosed in the consolidated statement of financial 
  position of the Group. 
  
  **c) Credit Risk**
  
  Credit risk for the Group arises from investments in cash and cash equivalents, derivative financial instruments 
  and deposits with banks and financial institutions, as well as credit exposures to customers including 
  if 
  outstanding receivables and committed transactions, and represents the potential financial 
  counterparties fail to perform as contracted. The Group trades only with recognised, creditworthy third parties. 
  
  loss 
  
  The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to 
  recognise the financial assets, is the carrying amount, net of any impairment of those assets, as disclosed in the 
  balance sheet and notes to the financial statements. Receivable balances are monitored on an ongoing basis at 
  the individual customer level. 