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g.CashandCashEquivalentsForthepurposesotheConsolidatedStatementoCashFlowscashandcashequivalentsincludescashonhandandatbankdepositsheldatcallwithx1nancialinstitutionsothershorttermhighlyliquidinvestmentswithmaturitiesothreemonthsorlessthatarereadilyconvertibletoknownamountsocashandwhicharesubjecttoaninsignix1cantriskochangesinvalueandbankoverdrats.Termdepositswithmaturityoverthreemonthsincludebankdepositswithx1xedtermsoverthreemonthsperiod.ForthepurposeotheConsolidatedStatementoCashFlowstermdepositswithmaturityoverthreemonthsareshownascashfowsrominvestingactivities.h.TradeReceivablesTradereceivablesarerecognisedatoriginalinvoiceamountslessanallowanceoruncollectibleamountsandhaverepaymenttermsbetween0and90days.Collectabilityotradereceivablesisassessedonanongoingbasis.Debtswhichareknowntobeuncollectiblearewritteno.AnallowanceismadeordoubtuldebtswherethereisobjectiveevidencethattheGroupwillnotbeabletocollectallamountsdueaccordingtotheoriginalterms.Objectiveevidenceoimpairmentincludex1nancialdix1cultiesothedebtordeaultpaymentsordebtsmorethan180daysoverdue.Onconx1rmationthatthetradereceivablewillnotbecollectiblethegrosscarryingvalueotheassetiswrittenoagainsttheassociatedprovision.FromtimetotimetheGroupelectstorenegotiatethetermsotradereceivablesdueromcustomerswithwhichithaspreviouslyhadagoodtradinghistory.SuchrenegotiationswillleadtochangesinthetimingopaymentsratherthanchangestotheamountsowedandarenotintheviewotheDirectorssux1cienttorequirethede-recognitionotheoriginalinstrument.Receivablesromrelatedpartiesarerecognisedandcarriedatthenominalamountdue.i.InventoriesRawmaterialsworksinprogressandfnishedgoodsInventoriesarestatedatthelowerocostandnetrealisablevalue.Costcomprisesalldirectmaterialsdirectlabourandanappropriateportionovariableandx1xedoverheads.Fixedoverheadsareallocatedonthebasisonormaloperatingcapacity.Costsareassignedtoinventoriesusingthex1rstinx1rstoutbasis.Netrealisablevalueistheestimatedsellingpriceintheordinarycourseobusinesslesstheestimatedsellingcostocompletionandsellingexpenses.j.Non-currentAssetsClassifedasHeldForSaleNon-currentassetsclassix1edasheldorsalearethoseassetswhosecarryingamountswillberecoveredprincipallythroughasaletransactionratherthanthroughcontinuinguse.Theseassetsarestatedatthelowerotheircarryingamountandairvaluelesscoststosellandarenotdepreciatedoramortised.Interestexpensecontinuestoberecognisedonliabilitiesoadisposalgroupclassix1edasheldorsale.Animpairmentlossisrecognisedoranyinitialorsubsequentwritedownotheassettoairvaluelesscoststosell.Againisrecognisedorsubsequentincreasesinairvaluelesscoststoselloanassetbutnotexceedinganycumulativeimpairmentlossespreviouslyrecognised.AdiscontinuedoperationisacomponentotheGroupthathasbeendisposedoorisclassix1edasheldorsaleandthatrepresentsaseparatemajorlineobusinessorgeographicaloperationsispartoasingleco-ordinatedplantodisposeosuchalineobusinessorareaooperationsorisasubsidiaryacquiredexclusivelywithaviewtoresale.Theresultsodiscontinuedoperationsarepresentedseparatelyinprox1torloss.k.InvestmentsandOtherFinancialAssetsAllinvestmentsandotherx1nancialassetsareinitiallystatedatcostbeingtheairvalueoconsiderationgivenplusacquisitioncosts.PurchasesandsalesoinvestmentsarerecognisedontradedatewhichisthedateonwhichtheGroupcommitstopurchaseorselltheasset.Accountingpoliciesoreachcategoryoinvestmentsandotherx1nancialassetssubsequenttoinitialrecognitionaresetoutbelow.Availablex11xborx11salefnancialassetsAvailable-or-salex1nancialassetscompriseinvestmentsinlistedandunlistedentitiesandanynon-derivativesthatarenotclassix1edasanyothercategoryox1nancialassetsandareclassix1edasnon-currentassetsunlessmanagementintendstodisposeotheinvestmentwithin12monthsotheendothereportingperiod.Aterinitialrecognitiontheseinvestmentsaremeasuredatairvaluewithgainsorlossesrecognisedinothercomprehensiveincomeavailable-or-saleinvestmentsrevaluationreserve.Wherethereisasignix1cantorprolongeddeclineintheairvalueoanavailable-or-salex1nancialassetwhichconstitutesobjectiveevidenceoimpairmenttheullamountincludinganyamountpreviouslychargedtoothercomprehensiveincomeisrecognisedinprox1torloss.Purchasesandsalesoavailable-or-salex1nancialassetsarerecognisedonsettlementdatewithanychangeinairvaluebetweentradedateandsettlementdatebeingrecognisedinothercomprehensiveincome.Onsaletheamountheldinavailable-or-salereservesassociatedwiththatassetisrecognisedinprox1torlossasareclassix1cationadjustment.Interestoncorporatebondsclassix1edasavailable-or-saleiscalculatedusingtheeectiveinterestratemethodandisrecognisedinx1nanceincomeinprox1torloss.TheairvalueoquotedinvestmentsaredeterminedbyreerencetoStockExchangequotedmarketbidpricesatthecloseobusinessattheendothereportingperiod.Forinvestmentswherethereisnoquotedmarketpriceairvalueisdeterminedbyreerencetothecurrentmarketvalueoanotherinstrumentwhichissubstantiallythesameoriscalculatedbasedontheexpectedcashfowsotheunderlyingnetassetbaseotheinvestment.Investmentsinsubsidiariesassociatesandjointventureentitiesareaccountedorintheconsolidatedx1nancialstatementsasdescribedinnote2b.37ASTRONLIMITEDANNUALREPORT2011