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Note 12: Financial Instruments

2020

2019

$

$

Note 12A: Categories of Financial Instruments

Financial Assets

Financial Assets at amortised cost

Cash and cash equivalents

3,097,457

1,434,541

Trade and other receivables

512,679

369,874

Total financial assets at amortised cost

3,610,136

1,804,415

Financial Liabilities

At amortised cost:

Trade creditors and accrued expenses

399,524

490,223

Other payables

34,860

41,415

Total financial liabilities measured at amortised cost

434,384

531,638

Note 12B: Net gains or losses on financial assets

Financial assets at amortised cost

Interest revenue

47,093

135,103

Impairment of receivables

(330)

-

Net gains/(losses) on financial assets at amortised cost

46,763

135,103