ASCENDAS india trust ANNUAL REPORT 2014/15
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
27.
Financial risk management (continued)
Financial risk factors (continued)
(c)
Liquidity risk
The Trustee-Manager monitors and maintains a level of cash and cash equivalents deemed adequate to finance the
Group’s operations. In addition, the Trustee-Manager also monitors and observes the bank covenants imposed by
the banks on the various borrowings.
The table below analyses the maturity profile of the Group’s financial liabilities (including derivative financial liabilities)
based on contractual undiscounted cash flows.
Less Than
1 Year
Between
1 And 2 Years
Between
2 And 5 Years
$'000
$'000
$'000
2015
Net-settled swaps
(11,177)
(7,836)
(10,342)
Net-settled currency forwards
(842)
–
–
Trade and other payables
(42,386)
(52,887)
(500)
Borrowings (including interest)
(98,469)
(51,596)
(191,614)
(152,874)
(112,319)
(202,456)
2014
Net-settled swaps
(8,543)
(7,151)
(7,389)
Net-settled currency forwards
(940)
–
–
Trade and other payables
(39,141)
(44,564)
–
Borrowings (including interest)
(55,748)
(79,117)
(116,151)
(104,372)
(130,832)
(123,540)
The Group and Trust manage the liquidity risk by maintaining sufficient cash from borrowings and cash generated
from operations to enable them to meet their capital expenditure and operating commitments.
