NOTE 10
FINANCIAL RISK MANAGEMENT
(CONTINUED)
(c) Liquidity risk (continued)
Maturities of financial assets and liabilities based on contractual maturities
The tables below analyse the Group’s financial assets and liabilities into relevant maturity groupings
based on the remaining period at the reporting date to the contractual maturity date.
The amounts disclosed in the table are the contractual principal and accrued interest undiscounted
cash flows.
Less than
6 months
6 - 12
months
Between
1 and 5
years
Over 5
years
Total
cash-
flows
At 30 June 2015
$’000 $’000 $’000 $’000 $’000
Financial assets
Cash & cash equivalents
319,937
-
-
- 319,937
Trade & other receivables
59,866
-
-
-
59,866
Total financial assets
379,803
-
-
- 379,803
Financial liabilities
Trade & other payables
88,962
-
-
-
88,962
Bond issue
17,474 267,480 442,219 150,312 877,485
Borrowings
261,750
-
-
- 261,750
Derivatives financial liabilities -
interest rate swap
632
632
-
-
1,264
Total financial liabilities
368,818 268,112 442,219 150,312 1,229,461
At 30 June 2014
Financial assets
Cash & cash equivalents
91,284
-
-
-
91,284
Trade & other receivables
79,934
-
-
-
79,934
Total financial assets
171,218
-
-
- 171,218
Financial liabilities
Trade & other payables
82,119
-
-
-
82,119
Bond issue
317,719 11,716 495,212
- 824,647
Borrowings
165,732
-
-
- 165,732
Derivatives financial liabilities -
foreign exchange
31
-
-
-
31
Derivatives financial liabilities -
interest rate swap
2,246
283
568
-
3,097
Other financial liabilities
84
-
-
-
84
Total financial liabilities
567,931 11,999 495,780
- 1,075,710
(d) Fair value measurements
(i) Fair value hierarchy and accounting classification
Judgements and estimates are made in determining the fair values of the items that are recognised
and measured at fair value in the financial statements. The reliability of the inputs used in determining
fair value, has been classified into the three levels prescribed under AASB 13. An explanation of each
level follows underneath the table.
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