NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
40 FINANCIAL RISK MANAGEMENT (CONT’D)
(d)
Liquidity risk (cont’d)
2014
$‘000
2013
$’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
558,079
–
– 558,079
585,720
–
– 585,720
Cash and cash
equivalents
387,410
–
– 387,410
144,133
–
– 144,133
Total undiscounted
financial assets
945,489
–
– 945,489
729,853
–
– 729,853
Financial liabilities:
Trade and other
payables
534,496
–
– 534,496
244,076
–
– 244,076
Loans and borrowings
–
–
–
–
9,675 243,025
– 252,700
Total undiscounted
financial liabilities
534,496
–
– 534,496
253,751 243,025
– 496,776
Total net undiscounted
financial assets/
(liabilities)
410,993
–
– 410,993
476,102 (243,025)
– 233,077
Investment securities held for strategic purpose are excluded from the tables above.
The table below shows the contractual expiry by maturity of the Group’s 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.
2014
$‘000
2013
$‘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
378
–
–
378
385
–
–
385
Company
Financial guarantees
22,323 300,000
– 322,323
– 22,717
– 22,717
147
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
