Page 111 - 2596-CA SR Lanka- Annual Report 2022

Note 30 - Transactions engaged between CA Sri Lanka and AAT, where CA Sri Lanka appoints eight council members out of the
sixteen of AAT.
For the year ended 31 December 2022 2021
Rs.'000 Rs.'000

Payments to AAT
Advertisement in organizer - 30
Sponsorships 1,600 -
Receipts from AAT
Registration and tickets for Annual Report Awards Competition 302 172
Renewal of Training Organization - 28

Note 31 - Financial risk management
The Institute has exposure to the following risks from its use of financial instruments. These are monitored by the Council and Finance and
Administration committee on a regular basis:

Market Risk

Financial
Credit Risk
Risk

Liquidity Risk

31.1. Credit risk
Credit risk is the risk of finance losses to the Institute if a recipient of a service or counterparty to a financial instrument fails to meet its
contractual obligations.

31.1.1 Maximum exposure to credit risk
The maximum risk exposure of financial assets which are generally subject to credit risk are equal to their carrying amounts.
Carrying Value as at 31 December 2022 2021
Rs.'000 Rs.'000

Fixed deposits 87,544 1,522,083
Treasury bonds 1,438,665 -
Loans and receivables 226,678 204,410
Treasury bill re-purchase agreements 80,029 48,000
Maximum exposure to credit risk 1,832,916 1,774,493

CA SRI LANKA | Integrated Annual Report 2022 109