FRENCKEN GROUP LIMITED
ANNUAL REPORT 2014
122
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
(CONT’D)
34 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(c) Liquidity risk (Cont’d)
Weighted
average
effective
interest rate
Less than
1 year
$’000
Between
1 and 2 years
$’000
Between
2 and 5 years
$’000
Adjustment
$’000
Total
$’000
Company
At 31 December 2014
Payables
-
(360)
-
-
-
(360)
Borrowings at
variable rate
2.96%
(412)
-
-
12
(400)
Financial guarantee
2.44% (8,684)
(247)
(227)
33
(9,125)
(9,456)
(247)
(227)
45
(9,885)
At 31 December 2013
Payables
-
(330)
-
-
-
(330)
Borrowings
-
-
-
-
-
-
Financial guarantee
1.22% (3,460)
-
-
42
(3,418)
(3,790)
-
-
42
(3,748)
Non-derivative financial assets
The table below analyses the maturity profile of the Group’s and Company’s financial assets based on contractual
undiscounted cash flows.
Weighted
average
effective
interest rate
Less than
1 year
$’000
Between
1 and 2
years
$’000
Between
2 and
5 years
$’000
After
5 years
$’000
Adjustment
$’000
Total
$’000
Group
At 31 December 2014
Non-interest bearing
106,519
2,187
970 4,372
-
114,048
Fixed interest rate
instruments
3.01%
4,467
-
-
-
(119)
4,348
110,986
2,187
970 4,372
(119) 118,396
At 31 December 2013
Non-interest bearing
99,071
1,366
2,066 4,907
-
107,410
Fixed interest rate
instruments
2.00%
6,902
-
-
-
(112)
6,790
105,973
1,366
2,066 4,907
(112) 114,200
