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THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2011
NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2011
39 FINANCIAL RISK MANAGEMENT (cont’d)
(d) Liquidity risk (cont’d)
2011
$‘000
2010
$‘000
1 year
or less
1 to 5
years
Over 5
years Total
1 year
or less
1 to 5
years
Over 5
years Total
Company
Financial assets:
Trade and other
receivables 166,172 – – 166,172 149,286 – 106,465 255,751
Cash and cash
equivalents 173,441 – – 173,441 1,103 – – 1,103
Total undiscounted
financial assets 339,613 – – 339,613 150,389 – 106,465 256,854
Financial liabilities :
Trade and other
payables 72,466 – – 72,466 106,349 – 143,213 249,562
Loans and borrowings 9,675 262,375 – 272,050 582 24,079 – 24,661
Total undiscounted
financial liabilities 82,141 262,375 – 344,516 106,931 24,079 143,213 274,223
Total net undiscounted
financial assets/
(liabilities) 257,472 (262,375) – (4,903) 43,458 (24,079) (36,748) (17,369)
Investment securities held for strategic purpose are excluded from the tables above.
The table below shows the contractual expiry by maturity of the Group and Company’s contingent liabilities
and commitments. The maximum amount of the financial guarantee contracts are allocated to the earliest
period in which the guarantee could be called.
2011
$‘000
2010
$‘000
1 year
or less
1 to 5
years
Over
5 years Total
1 year
or less
1 to 5
years
Over
5 years Total
Group
Financial guarantees 6,627 11,028 8,632 26,287 699 8,950 16,550 26,199
Company
Financial guarantees 218 32,141 8,632 40,991 280 24,951 16,550 41,781