34.
FINANCIAL RISK MANAGEMENT (CONTINUED)
(b)
Liquidity risk (continued)
The following are the contractual maturities of financial assets and liabilities of the Group and
Company at balance sheet date based on contractual undiscounted payments:
Within
one year
Two to
five years
Total
$’000
$’000
$’000
Group
As at 31 December 2015
Financial assets:
Trade and other receivables
31,889
–
31,889
Cash and cash equivalents
50,514
–
50,514
Total undiscounted financial assets
82,403
–
82,403
Financial liabilities:
Derivative financial instruments
59
–
59
Trade and other payables
8,453
–
8,453
Finance lease payables
257
395
652
Bank borrowings
4,291
2,696
6,987
Total undiscounted financial liabilities
13,060
3,091
16,151
Total net undiscounted financial assets/
(liabilities)
69,343
(3,091)
66,252
As at 31 December 2014
Financial assets:
Investment held for trading
110
–
110
Trade and other receivables
35,547
–
35,547
Cash and cash equivalents
52,661
–
52,661
Total undiscounted financial assets
88,318
–
88,318
Financial liabilities:
Trade and other payables
24,350
–
24,350
Finance lease payables
46
24
70
Bank borrowings
5,990
7,110
13,100
Total undiscounted financial liabilities
30,386
7,134
37,520
Total net undiscounted financial assets/
(liabilities)
57,932
(7,134)
50,798
121
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
