Twenty-First Century Fox 2013 Annual Report Download - page 82

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Credit Risk
Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may
exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon
demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk.
The Company’s receivables did not represent significant concentrations of credit risk at June 30, 2013 or
June 30, 2012 due to the wide variety of customers, markets and geographic areas to which the Company’s
products and services are sold.
The Company monitors its positions with, and the credit quality of, the financial institutions which are
counterparties to its financial instruments. The Company is exposed to credit loss in the event of nonperformance
by the counterparties to the agreements. At June 30, 2013, the Company did not anticipate nonperformance by
any of the counterparties.
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