Annual Report 2010 - Leeden Limited

Notes to the Financial Statementsfor the Financial Year ended 31 December 2010Leeden Limited Annual Report 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 $’000Group2009Financial assets:Other investments – – 267 267Amounts due from related parties 1,409 – – 1,409Trade debtors 52,687 – – 52,687Other debtors 1,298 – – 1,298Fixed deposits 308 – – 308Cash and bank balances 20,533 – – 20,533Total undiscounted financial assets 76,235 – 267 76,502Financial liabilities:Amounts due to bankers and long-term loans 51,450 11,254 – 62,704Trade creditors 15,928 – – 15,928Other creditors and accruals 7,951 – – 7,951Amounts due to related parties 2,380 – 967 3,347Hire purchase creditors 1,357 2,350 139 3,846Derivatives 167 – – 167Total undiscounted financial liabilities 79,233 13,604 1,106 93,943Total net undiscounted financial liabilities (2,998) (13,604) (839) (17,441)Company2010Financial assets:Amounts due from subsidiary companies 3,755 – 41,932 45,687Amounts due from related parties 308 – – 308Trade debtors 4,400 – – 4,400Other debtors 97 – – 97Cash and bank balances 6,892 – – 6,892Total undiscounted financial assets 15,452 – 41,932 57,384Financial liabilities:Amounts due to bankers and long-term loans 11,255 2,922 – 14,177Trade creditors 4,241 – – 4,241Other creditors and accruals 1,485 – – 1,485Hire purchase creditors 45 68 – 113Total undiscounted financial liabilities 17,026 2,990 – 20,016Total net undiscounted financial(liabilities)/ assets (1,574) (2,990) 41,932 37,36897