notes to the financial statements - Investor Relations

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CWT Limited 104 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2011 26 FINANCIAL LIABILITIES (CONT’D) Terms and debt repayment schedule (cont’d) The following are the expected contractual undiscounted cash inflows/(outflows) of financial liabilities excluding derivatives (shown separately in note 27), including interest payments and excluding the impact of netting agreements: Group Carrying amount Contractual cash flows Within 1 year Cash flows Within 1 to 5 years More than 5 years $’000 $’000 $’000 $’000 $’000 2011 Floating rate loans 138,786 (142,471) (83,186) (57,184) (2,101) Fixed rate loans 25,649 (32,103) (3,270) (9,886) (18,947) Hire purchase and finance lease liabilities 2,676 (2,960) (833) (2,048) (79) Bank overdrafts 225,050 (225,050) (225,050) – – Trade and other payables* 512,194 (512,194) (430,735) (81,459) – 904,355 (914,778) (743,074) (150,577) (21,127) 2010 Floating rate loans 10,558 (10,633) (9,818) (602) (213) Fixed rate loans 1,468 (1,674) (406) (1,268) – Finance lease liabilities 1,218 (1,372) (594) (778) – Bank overdrafts 5,226 (5,226) (5,226) – – Trade and other payables* 122,990 (122,990) (122,990) – – 141,460 (141,895) (139,034) (2,648) (213) * Excluding advance billings and billings in excess of costs incurred and recognised profits, as well as deposits received Carrying amount Contractual cash flows Within 1 year Cash flows Within 1 to 5 years More than 5 years Company $’000 $’000 $’000 $’000 $’000 2011 Floating rate loans 55,145 (57,263) (1,261) (56,002) − Hire purchase 235 (284) (41) (164) (79) Trade and other payables* 116,782 (116,782) (116,782) − − 172,162 (174,329) (118,084) (56,166) (79) 2010 Trade and other payables* 83,598 (83,598) (83,598) − − 83,598 (83,598) (83,598) − − * Excluding deposits received
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2011 27 DERIVATIVE FINANCIAL INSTRUMENTS Annual Report 2011 Group Asset Liability Asset Liability 2011 2011 2010 2010 $’000 $’000 $’000 $’000 Held for hedging Interest rate swaps – 2,418 – – Commodities futures 83,563 17,071 – – 83,563 19,489 – – Analysed as: - current 83,563 17,071 – – - non-current – 2,418 – – 83,563 19,489 – – Net gains (realised and unrealised) from fair value adjustments of derivative financial instruments relating to commodities futures in the amount $107,843,000 are included in ‘Cost of sales’. The interest rate derivatives are used to hedge the interest rate risk related to the floating interest rate loans. The table below analyses the derivative financial instruments of the Group for which contractual maturities are essential for an understanding of the timing of the cash flows into relevant maturity groupings based on the remaining period from the balance sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Within 1 Maturity Within 1 to 5 More than 5 year years years Group $’000 $’000 $’000 2011 Interest swaps 2,418 − − Commodities futures 17,071 − − 19,489 − − 28 EMPLOYEE BENEFITS Group 2011 2010 Note $’000 $’000 Non-current Subordinated employee benefit liabilities 10,418 – Retirement benefit obligations 29 1,384 – Current 11,802 – Subordinated employee benefit liabilities 2,319 – 14,121 – 105
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CWT Limited Annual Report 2011 Annu
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ABOUT THE CWT GROUP VISION To Be A
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GROUP FIVE-YEAR FINANCIAL SUMMARY F
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Largest warehouse operator in Singa
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CWT Limited CHAIRMAN’S STATEMENT
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CWT Limited BOARD OF DIRECTORS Loi
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CWT Limited EXECUTIVE TEAM Loi Pok
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ELEVATION Rising through resilience
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COMMODITY SUPPLY CHAIN MANAGEMENT C
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MIDDLE EAST Kuwait Kuwait UK Estoni
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CWT Limited OPERATIONS REVIEW “Am
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CWT Limited OPERATIONS REVIEW 1. Br
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CHARACTER Our identity and performa
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EHS activities and related awards E
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Investor Relations We regularly eng
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CORPORATE GOVERNANCE Annual Report
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DIRECTORS’ REPORT YEAR ENDED 31 D
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STATEMENT BY DIRECTORS YEAR ENDED 3
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STATEMENT OF FINANCIAL POSITION AS
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Annual Report 2011 CONSOLIDATED STA
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Page 137 and 138: NOTICE OF ANNUAL GENERAL MEETING An
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