Orbit Garant 2012 annual rep O rt 59 The changes in the contingent considerations are detailed below June 30 June 30 2012 2011 Balance at beginning of year 2130 Business acquisitions note 2 2119 2014 Change in fair value of contingent considerations 107 116 Balance at end of year 4356 2130 There were no transfers of amounts between Level 1 Level 2 and Level 3 fnancial instruments for the year ended June 30 2012 and 2011 Liquidity risk Liquidity risk arises from the Companys management of working capital the fnance charges and principal repayments on its debt instruments It is the risk that the Company will not be able to meet its fnancial obligations as they fall due The Company manages liquidity risk by maintaining adequate reserves banking facilities and reserve borrowing facilities by c ontinuously monitoring forecast and actual cash fows and matching the maturity profles of fnancial assets and liabilities In Note 13 are details of undrawn facilities that the Company has at its disposal to further reduce liquidity risk As at June 30 2012 Total 01 year 23 years 45 years Accounts payable and accrued liabilities 20206 20206 Contingent considerations 4800 1600 3200 Longterm debt capital only 26582 401 316 25865 51588 22207 3516 25865 As at June 30 2011 Total 01 year 23 years 45 years Bank overdraft 698 698 Accounts payable and accrued liabilities 19009 19009 Contingent consideration 2400 800 1600 Longterm debt capital only 15117 168 55 14894 37224 20675 1655 14894 As at July 1 2010 Total 01 year 23 years 45 years Accounts payable and accrued liabilities 17158 17158 Longterm debt capital only 375 203 172 17533 17361 172