FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
117
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 (Cont’d)
Non-derivative financial liabilities (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 2015
Payables
-
(381)
-
-
-
(381)
Borrowings at
variable rate
-
-
-
-
-
-
Financial guarantee
2.63% (10,543)
(200)
-
287
(10,456)
(10,924)
(200)
-
287
(10,837)
At 31 December 2014
Payables
-
(360)
-
-
-
(360)
Borrowings at
variable rate
2.96%
(412)
-
-
12
(400)
Financial guarantee
2.44% (8,873)
(247)
(227)
222
(9,125)
(9,645)
(247)
(227)
234
(9,885)
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 2015
Non-interest bearing
-
102,962
1,049
885 4,132
-
109,028
Fixed interest rate
instruments
3.30%
3,300
-
-
-
(97)
3,203
106,262
1,049
885 4,132
(97) 112,231
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
