FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
116
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
34 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(c) Liquidity risk
The Group maintains sufficient cash and cash equivalents, and internally generated cash flows from operating
activities to finance their activities and minimises liquidity risk by keeping committed credit lines available.
Non-derivative financial liabilities
The table below analyses the maturity profile of the Group’s and Company’s financial liabilities 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
Adjustment
$’000
Total
$’000
Group
At 31 December 2015
Payables
-
(74,001)
-
-
-
(74,001)
Borrowings at variable
interest rate
2.63% (50,562)
(400)
(48)
1,306
(49,704)
Borrowings at fixed
interest rate
8.69%
(911)
(544)
(932)
191
(2,196)
(125,474)
(944)
(980)
1,497 (125,901)
At 31 December 2014
Payables
-
(80,456)
-
-
-
(80,456)
Borrowings at variable
interest rate
2.46% (52,870)
(440)
(457)
1,291
(52,476)
Borrowings at fixed
interest rate
7.37%
(1,488)
(779)
(828)
212
(2,883)
(134,814)
(1,219)
(1,285)
1,503 (135,815)
