ALLUP SILICA LIMITED NOTES TO THE FINANCIAL STATEMENTS 57 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 Note 21: Financial Risk Management (cont.) (b) Liquidity Risk Liquidity risk arises from the possibility that the Company might encounter difficulty in settling its debts or otherwise meeting its obligations related to financial liabilities. The Company is not currently exposed to any significant liquidity risk on the basis that the realisable value of financial assets is significantly greater than the financial liabilities due for settlement. The Company manages its liquidity risk through the following mechanisms: preparing forward-looking cash flow analyses in relation to its operating, investing and financing activities; maintaining a reputable credit profile; managing credit risk related to financial assets; only investing surplus cash with major financial institutions; and comparing the maturity profile of financial liabilities with the realisation profile of financial assets. The table below reflects an undiscounted contractual maturity analysis for non-derivative financial liabilities. Cash flows realised from financial assets reflect management’s expectation as to the timing of realisation. Actual timing may therefore differ from that disclosed. Financial liability and financial asset maturity analysis Note Within 1 Year Within 1-5 years Total 2023 2022 2023 2022 2023 2022 Financials liabilities due Trade and other payables 11 150,368 79,640 - - 150,368 79,640 Lease liabilities 10 36,306 - 123,861 - 160,167 - Total expected outflows 186,674 79,640 123,861 - 310,535 79,640 Financial assets realisable Cash and cash equivalents 5 3,179,588 4,913,074 - - 3,179,588 4,913,074 Trade and other receivables 6 63,150 80,791 - - 63,150 80,791 Total anticipated inflows 3,242,738 4,993,865 - - 3,242,738 4,993,865 Net inflows/(outflows) 3,056,064 4,914,225 (123,861) - 2,932,203 4,914,225
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