Nyrada Inc - Annual Report 2021

NYRADA INC (ASX:NYR) 60 22. Financial instruments (continued) Foreign currency risk management The Consolidated Entity undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise. At 30 June 2021, the Company has cash denominated in US dollars (US$3,089,998 (2020: US$204,858)). The A$ equivalent at 30 June 2021 is $4,122,025 (2020: $298,724). A 5% movement in foreign exchange rates would increase or decrease the Consolidated Entity’s loss before tax by approximately $208,443 (2020: $7,248). Liquidity risk management Ultimate responsibility for liquidity risk management rests with the Board of Directors, which has established an appropriate liquidity risk management framework for the management of the consolidated entities short, medium and long-term funding and liquidity management requirements. The Consolidated Entity manages liquidity by maintaining adequate banking facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. Carrying Amount Less than 1 month 1-3 months 3-12 months 1 year to 5 years Total contractual cash flows 2021 $ $ $ $ $ $ Trade and other payables 588,029 588,029 - - - 588,029 23. Remuneration of auditors 2021 2020 $ $ Audit and review services Nexia Sydney Audit Pty Ltd - 49,500 William Buck Audit (Vic) Pty Ltd 33,500 - 33,500 49,500 Other services Nexia Sydney Corporate Advisory Pty Ltd - 32,500