Powering growth - Aztech Group Ltd - Investor Relations
Powering growth - Aztech Group Ltd - Investor Relations Powering growth - Aztech Group Ltd - Investor Relations
66a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t s4 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)(b)Financial risk management policies and objectives (cont’d)(iv)Liquidity risk management (cont’d)Liquidity and interest risk analysisNon-derivative financial liabilitiesThe following tables detail the remaining contractual maturity for non-derivative financial liabilities. The tables have been drawnup based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group and the Companycan be required to pay. The table includes both interest and principal cash flows. The adjustment column represents the possiblefuture cash flows attributable to the instrument included in the maturity analysis which is not included in the carrying amount of thefinancial liability at the end of the reporting period.GROUPWeighted Onaverage demand Withineffective or within 2 to Afterinterest rate 1 year 5 years 5 years Adjustment Total% $’000 $’000 $’000 $’000 $’0002009Non-interest bearing - 31,903 - - - 31,903Finance leaseliability 2.9% 805 402 - (26) 1,181Bank loans 2.3% 29,506 20,024 - (1,311) 48,2192008Non-interest bearing - 33,202 - - - 33,202Finance leaseliability 3.0% 2,002 1,239 - (91) 3,150Bank loans 3.9% 40,375 29,684 - (3,575) 66,484COMPANY2009Non-interest bearing - 15,985 - - - 15,985Bank loans 2.7% 4,215 - - (10) 4,2052008Non-interest bearing - 12,016 - - - 12,016Bank loans 4.2% 7,616 - - (41) 7,575
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 9674 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)(b)Financial risk management policies and objectives (cont’d)(iv)Liquidity risk management (cont’d)Non-derivative financial assetsThe following table details the expected maturity for non-derivative financial assets. The tables below have been drawn up based onthe undiscounted contractual maturities of the financial assets including interest that will be earned on those assets except wherethe Group and the Company anticipates that the cash flow will occur in a different period. The adjustment column represents thepossible future cash flows attributable to the instrument included in the maturity analysis which are not included in the carryingamount of the financial asset on the statement of financial position.GROUPWeighted Onaverage demand Withineffective or within 2 to Afterinterest rate 1 year 5 years 5 years Adjustment Total% $’000 $’000 $’000 $’000 $’0002009Non-interest bearing - 54,921 - - - 54,921Fixed deposits 0.6% 17,253 - - (19) 17,2342008Non-interest bearing - 55,470 - - - 55,470Fixed deposits 0.9% 29,278 - - (22) 29,256COMPANY2009Non-interest bearing 13,439 - - - 13,439Interest bearing receivable 2.1% 32,330 - - (665) 31,665Fixed deposits 0.1% 10,335 - - (1) 10,3342008Non-interest bearing - 11,835 - - - 11,835Interest bearing receivable 4.7% 21,718 - - (975) 20,743Fixed deposits 0.3% 15,974 - - (4) 15,970.
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66a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t s4 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)(b)Financial risk management policies and objectives (cont’d)(iv)Liquidity risk management (cont’d)Liquidity and interest risk analysisNon-derivative financial liabilitiesThe following tables detail the remaining contractual maturity for non-derivative financial liabilities. The tables have been drawnup based on the undiscounted cash flows of financial liabilities based on the earliest date on which the <strong>Group</strong> and the Companycan be required to pay. The table includes both interest and principal cash flows. The adjustment column represents the possiblefuture cash flows attributable to the instrument included in the maturity analysis which is not included in the carrying amount of thefinancial liability at the end of the reporting period.GROUPWeighted Onaverage demand Withineffective or within 2 to Afterinterest rate 1 year 5 years 5 years Adjustment Total% $’000 $’000 $’000 $’000 $’0002009Non-interest bearing - 31,903 - - - 31,903Finance leaseliability 2.9% 805 402 - (26) 1,181Bank loans 2.3% 29,506 20,024 - (1,311) 48,2192008Non-interest bearing - 33,202 - - - 33,202Finance leaseliability 3.0% 2,002 1,239 - (91) 3,150Bank loans 3.9% 40,375 29,684 - (3,575) 66,484COMPANY2009Non-interest bearing - 15,985 - - - 15,985Bank loans 2.7% 4,215 - - (10) 4,2052008Non-interest bearing - 12,016 - - - 12,016Bank loans 4.2% 7,616 - - (41) 7,575
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