GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.100
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
24.
FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONT＊D)
24F. Interest rate risk
The interest rate risk exposure is mainly from changes in floating interest rates and it mainly concerns financial
liabilities. The interest income from financial assets including cash balances is not significant. The following table
analyses the breakdown of the significant financial instruments (excluding derivatives) by type of interest rate:
GROUP
2016
$＊000
2015
$＊000
Financial liabilities with interest:
Fixed rates
1,869
2,054
Floating rates
36,804
15,647
Total at end of the year
38,673
17,701
Financial assets with interest:
Fixed rates
4,903
5,360
The interest rates are disclosed in the respective notes.
Sensitivity analysis: The effect on pre-tax profit is not significant.
24G. Foreign currency risks
Analysis of amounts denominated in non-functional currencies:
Group
Euro Swiss Francs
Total
$＊000
$＊000
$＊000
2016:
Financial assets:
Cash and bank balances
95
每
95
Total financial assets
95
每
95
Financial liabilities:
Trade and other payables
(11)
每
(11)
Total financial liabilities
(11)
每
(11)
Net financial assets at end of the year
84
每
84
