below 10,254 142,934 11,150 168,450 The maximum exposure to credit risk as at 31 December 2010 and 2009 is the financial assets accounting value. c) Liquidity risk Liquidity risk is managed by maintaining an adequate level of cash or cash equivalents, as well as by negotiating credit limits that not only allow the regular development of Jerónimo Martins’ activities, but that also ensure some flexibility to be able to absorb shocks unrelated to Company activities.