b'NOTE 22: FINANCIAL RISK MANAGEMENT The Companys financial instruments consist mainly of deposits with banks, local money market instruments, short-term investments, accounts receivable and payable, bank loans, accommodation bonds/RADs, and Ingoing Contributions. The totals for each category of financial instruments, measured in accordance with AASB 9 are detailed below:20232022 $000$000FINANCIAL ASSETS Cash and cash equivalents 16,2719,058Trade and other receivables10,01613,431 Financial assets a fair value through other comprehensive income198,831154,889225,118177,378FINANCIAL LIABILITIES Financial liabilities at amortised cost: - Trade and other payables31,38535,690 - Deferred consideration6,97911,840 - Borrowings90,00031,100- Resident liabilities342,613294,149470,977372,779The Board of Directors and Senior Management are responsible for monitoring and managing financial risks. Senior Management regularly review investments and borrowings and seek advice from an independent investment research and advisory firm. The Board reviews investments at each meeting and receives a monthly portfolio report from the independent investment research and advisory firm. The Company does not have any derivative instruments at 30 June 2023 (2022: nil).NOTE 23: ECONOMIC DEPENDENCE Ozcares continued operation is dependent on retaining bed licences and ongoing Government subsidies which are subject to regular contractual reviews and/or accreditation requirements. Page | 43'