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A M A R Q U E A B O V E T H E R E S T 94 E U R O S P O R T S G L O B A L L I M I T E D 95
2 0 1 4 A N N U A L R E P O R T
31 March 2014 31 March 2014
NOTES TO THE NOTES TO THE
F INANCI AL STATEMENTS F INANCI AL STATEMENTS
22. Financial Instruments: Information on Financial Risks (Cont’d)
22F. Foreign Currency Risks
Analysis of amounts denominated in non-functional currencies:
Group Euro
Swiss
Francs Total
2014: $’000 $’000 $’000
Financial assets:
Cash and bank balances 77 – 77
Trade and other receivables – 20 20
Total financial assets 77 20 97
Financial liabilities:
Trade and other payables – – –
Total financial liabilities – – –
Net financial assets at end of the year 77 20 97
2013:
Financial assets:
Cash and bank balances 29 – 29
Total financial assets 29 – 29
Financial liabilities:
Trade and other payables (332) (171) (503)
Total financial liabilities (332) (171) (503)
Net financial (liabilities) at end of the year (303) (171) (474)
There is exposure to foreign currency risk as part of its normal business.
Sensitivity analysis: The effect on post-tax profit is not significant.
23. Capital Commitments
Group
2014
$’000
2013
$’000
Commitments for construction in progress 441 1,742
22. Financial Instruments: Information on Financial Risks (Cont’d)
22D. Liquidity Risk – Financial Liabilities Maturity Analysis (Cont’d)
Bank facilities:
Group
2014
$’000
2013
$’000
Undrawn borrowing facilities 34,955 24,230
The undrawn borrowing facilities are available for operating activities and to settle other
commitments. Borrowing facilities are maintained to ensure funds are available for the operations. A
schedule showing the maturity of financial liabilities and unused bank facilities is provided regularly
to management to assist in monitoring the liquidity risk.
22E. Interest Rate Risk
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analyses the breakdown of the significant financial instruments (excluding derivatives) by type of
interest rate:
Group
2014
$’000
2013
$’000
Financial liabilities with interest:
Fixed rates 2,780 2,957
Floating rates 12,009 27,528
Total at end of the year 14,789 30,485
Financial assets with interest:
Fixed rates 15,360 360
The interest rates are disclosed in the respective notes.
Sensitivity analysis: The effect on pre-tax profit is not significant.