✨ Financial Risk Disclosures
9 SEPTEMBER NEW ZEALAND GAZETTE 2829
While the company may be subject to credit losses up to the notional principal or contract amounts in the event of non-performance by its counterparties, it does not expect such losses to occur.
Concentration of Credit Risk
The company does not have any significant concentrations of credit risk.
Cash and short term investments are placed with high credit quality financial institutions and limits are applied to the amount of credit exposure to any one financial institution.
Trade receivables credit risk is limited due to the large number of customers included in the company’s customer base.
(m) Changes in Accounting Policies
There have been no changes in the accounting policies.
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VUW Te Waharoa —
NZ Gazette 1996, No 111
NZLII —
NZ Gazette 1996, No 111
✨ LLM interpretation of page content
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Financial Instruments and Risk Management
(continued from previous page)
💰 Finance & RevenueFinancial Instruments, Interest Rate Risk, Credit Risk, Collateral