2007 Annual Report - Sun Life Financial
2007 Annual Report - Sun Life Financial
2007 Annual Report - Sun Life Financial
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BOND FUND<br />
Liquidity risk<br />
The Companies manage liquidity risk by maintaining adequate reserves and banking facilities, and<br />
by continuously monitoring forecast and actual cash flows. The Companies maintain adequate<br />
highly liquid assets in the form of cash and cash equivalents to assure necessary liquidity.<br />
The following table details the Companies’ expected maturity for its financial assets. The tables<br />
below have been drawn up based on the undiscounted contractual maturities of the financial assets<br />
including interest that will be earned on those assets except when the Companies anticipate that the<br />
cash flows will occur in a different period.<br />
<strong>2007</strong><br />
Weighted<br />
Average<br />
Effective<br />
Interest Rate<br />
Less than One<br />
Month<br />
three Months<br />
to One year<br />
One-Five<br />
years<br />
Five+ years total<br />
Non-interest bearing - P 48,827 P - P - P - P 48,827<br />
Fixed interest rate instruments 9.32% 188,560 2,188 2,104,191 618,716 2,913,655<br />
2006<br />
P237,387 P2,188 P2,104,191 P618,716 P2,962,482<br />
Non-interest bearing - P 22,679 P - P - P - P 22,679<br />
Fixed interest rate instruments 10.01% 944,600 - 3,839,295 721,787 5,505,682<br />
BALANCED FUND<br />
<strong>2007</strong><br />
Weighted<br />
Average<br />
Effective<br />
Interest Rate<br />
Less than<br />
One Month<br />
P967,279 P - P3,839,295 P721,787 P5,528,361<br />
three Months<br />
to One year<br />
One-Five years Five+ years total<br />
Non-interest bearing P 192,600 P - P - P - P 192,600<br />
Fixed interest rate instruments 5.69% 2,507,680 48,097 1,012,924 92,964 3,661,665<br />
2006<br />
P2,700,280 P48,097 P1,012,924 P92,964 P3,854,265<br />
Non-interest bearing P 79,966 P - P - P - P 79,966<br />
Fixed interest rate instruments 5.57% 1,232,370 101,412 173,026 58,426 1,565,234<br />
P1,312,336 P101,412 P173,026 P58,426 P1,645,200<br />
<strong>2007</strong> <strong>Annual</strong> <strong>Report</strong> 37