NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
83
CITIC ENVIROTECH LTD.
Annual
Report
2015
4 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS
MANAGEMENT (cont’d)
(d)
Financial risk management policies and objectives (cont’d)
(iv) Liquidity risk management (cont’d)
Liquidity and interest risk analysis
Non-derivative financial liabilities
The following table details the remaining contractual maturity for non-derivative financial
liabilities. The tables have been drawn up based on the undiscounted cash flows of
financial liabilities based on the earliest date on which the Group and Company can
be required to pay. The table includes both interest and principal cash flows. The
adjustment column represents the possible future cash flows attributable to the
instrument included in the maturity analysis which is not included in the carrying amount
of the financial liability on the statement of financial position.
Weighted
average
effective
interest
rate
%
On
demand
or less than
1 year
$’000
More
than
1 year to
5 years
$’000
More
than
5 years
$’000
Adjustment
$’000
Total
$’000
Group
December 31, 2015
Non-interest bearing
– 223,440
–
–
– 223,440
Fixed interest rate
5.9 105,396 267,079
–
(52,113)
320,362
Variable interest rate
5.1 249,235 139,026
92,803 (55,313)
425,751
Total
578,071 406,105
92,803 (107,426)
969,553
March 31, 2015
Non-interest bearing
– 217,039
–
–
– 217,039
Fixed interest rate
8.6
1,726 193,298
–
(36,331)
158,693
Variable interest rate
4.9 62,339 180,074
5,956 (29,051)
219,318
Total
281,104 373,372
5,956 (65,382)
595,050
Company
December 31, 2015
Non-interest bearing
–
21,071
–
–
–
21,071
Fixed interest rate
5.9 105,233 266,886
– (52,093)
320,026
Total
126,304 266,886
– (52,093)
341,097
March 31, 2015
Non-interest bearing
–
35,132
–
–
–
35,132
Fixed interest rate
8.7 1,573 188,564
– (31,665)
158,472
Total
36,705 188,564
– (31,665)
193,604
