GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.96
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
24A. Categories of financial assets and liabilities
The following table categorises the carrying amount of financial assets and liabilities recorded at the end of the
reporting year:
GROUP
COMPANY
2016
$¡¯000
2015
$¡¯000
2016
$¡¯000
2015
$¡¯000
Financial assets:
Cash and cash equivalents
6,655
9,581
32
191
Loans and receivables
3,232
1,981
9,892
11,385
At end of the year
9,887
11,562
9,924
11,576
Financial liabilities:
Other financial liabilities at amortised cost
38,673
17,701
¨C
¨C
Trade and other payables at amortised cost
4,652
1,447
131
347
At end of the year
43,325
19,148
131
347
Further quantitative disclosures are included throughout these financial statements.
There are no significant fair value measurements recognised in the statement of financial position.
24B. Financial risk management
The main purpose for holding or issuing financial instruments is to raise and manage the finances for the entity¡¯s
operating, investing and financing activities. There are exposures to the financial risks on the financial instruments
such as credit risk, liquidity risk and market risk comprising interest rate, currency risk and price risk exposures.
Management has certain practices for the management of financial risks and action to be taken in order to manage
the financial risks. All financial risk management activities are carried out and monitored by senior management staff.
All financial risk management activities are carried out following good market practices.
There have been no changes to the exposures to risk; the objectives, policies and processes for managing the risk
and the methods used to measure the risk.
24C. Fair values of financial instruments
The analyses of financial instruments that are measured subsequent to initial recognition at fair value, grouped into
Levels 1 to 3 are disclosed in the relevant notes to the financial statements. These include both the significant financial
instruments stated at amortised cost and at fair value in the statement of financial position. The carrying values of
current financial instruments approximate their fair values due to the short-term maturity of these instruments and
the disclosures of fair value are not made when the carrying amount of current financial instruments is a reasonable
approximation of the fair value.
