Annual Report 2010 - Leeden Limited

A Stronger Leeden in Asia.Notes to the Financial Statementsfor the Financial Year ended 31 December 201037. Financial risk management objectives and policies (cont’d)(d)Liquidity risk (cont’d)Less than1 year 1 to 5 years Over 5 years Total$’000 $’000 $’000 $’000Company2009Financial assets:Amounts due from subsidiarycompanies 7,835 – 42,381 50,216Amounts due from related parties 170 – – 170Trade debtors 2,918 – – 2,918Other debtors 158 – – 158Cash and bank balances 4,686 – – 4,686Total undiscounted financial assets 15,767 – 42,381 58,148Financial liabilities:Amounts due to bankers and long-term loans 14,629 5,999 – 20,628Trade creditors 2,237 – – 2,237Other creditors and accruals 1,453 – – 1,453Hire purchase creditors 66 134 – 200Total undiscounted financialliabilities 18,385 6,133 – 24,518Total net undiscounted financial(liabilities)/assets (2,618) (6,133) 42,381 33,630(e)Market price riskMarket price risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuatebecause of changes in market prices (other than interest or exchange rates). The Group has minimal exposure toequity price risk arising from its investment in quoted equity instruments. These instruments are quoted on theSGX-ST in Singapore and are classified as other investments. The Group does not have exposure to commodityprice risk.98