NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
28. Financial risk management (continued)
(c)
Liquidity risk
Management monitors and maintains a level of cash and cash equivalents deemed adequate to finance the Group＊s
operations. In addition, Management 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
2016
Net-settled swaps
(11,801)
(9,973)
(12,540)
Net-settled currency forwards
968
每
每
Trade and other payables
(57,342)
(52,576)
每
Borrowings (including interest)
(55,894)
(59,602)
(280,931)
(124,069)
(122,151)
(293,471)
2015
Net-settled swaps
(11,177)
(7,836)
(10,342)
Net-settled currency forwards
(842)
每
每
Trade and other payables
(42,386)
(52,887)
(500)
Borrowings (including interest)
(98,469)
(51,596)
(191,614)
(152,874)
(112,319)
(202,456)
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. Steps are being
taken to agree refinancing terms with lenders for borrowings maturing within a year.
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ASCENDAS india trust ANNUAL REPORT
2015/2016
