123
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
34.
FINANCIAL RISK MANAGEMENT (CONT’D)
(b)
Liquidity risk (cont’d)
Within
one year
Two to
five years
Total
$’000
$’000
$’000
Company
As at 31 December 2014
Financial assets:
Trade and other receivables
49,906
–
49,906
Cash and bank balances
45,222
–
45,222
Total undiscounted financial assets
95,128
–
95,128
Financial liabilities:
Trade and other payables
28,660
–
28,660
Bank borrowings
5,990
7,110
13,100
Total undiscounted financial liabilities
34,650
7,110
41,760
Total net undiscounted financial
assets/(liabilities)
60,478
(7,110)
53,368
As at 31 December 2013
Financial assets:
Derivatives
34
–
34
Trade and other receivables
85,597
–
85,597
Cash and bank balances
8,754
–
8,754
Total undiscounted financial assets
94,385
–
94,385
Financial liabilities:
Trade and other payables
29,228
–
29,228
Bank borrowings
45,332
11,679
57,011
Total undiscounted financial liabilities
74,560
11,679
86,239
Total net undiscounted financial
assets/(liabilities)
19,825
(11,679)
8,146
