36  Annual Report 14  Investments 2009 2008 a  ctual a  ctual $ $ Current investments are represented by: Term deposits 200,000 200,000 Total investments 200,000 200,000 There were no impairment provisions for investments. Maturity analysis and effective interest rates of term deposits 2009 2008 a  ctual a  ctual $ $ Term deposits with maturities of 4-6 months (average maturity 155 days) 200,000 200,000 Effective interest rate 3.25% 8.6% The carrying amount of term deposits with maturities less than 12 months approximates their fair value. 15  Categories of financial assets and liabilities The carrying amounts of financial assets and liabilities in each of the NZ IAS 39 categories are as follows: 2009 2008 a  ctual a  ctual $ $ Loans and receivables Cash and cash equivalents (note 7) 822,927 887,056 Debtors and other receivables (note 8) 48,676 52,924 Investments term deposits (note 14) 200,000 200,000 Total loans and receivables 1,071,603 1,139,980 f  inancial liabilities measured at amortised cost Creditors and other payables (note 11) 239,495 296,258