67
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
Financial assets
Loans and receivables
(including cash and cash equivalents)
669,157
513,788
691,194
518,305
Available-for-sale financial assets
997,410
935,500
884,030
829,548
Financial liabilities
Amortised costs (including members’ shares)
1,090,706
895,719
1,131,899
935,635
4. Financial Instruments, Financial Risks and Capital Assets
Management
(a) Categories of financial instruments
The following table sets out the financial instruments as at the end of the reporting period:
The Group does not have any financial instruments which are subject to offsetting, enforceable master netting
arrangements or similar netting arrangements.
(b) Financial risk management policies and objectives
The Group’s activities expose it to a variety of financial risks, particularly market risk, credit risk and liquidity risk.
Where appropriate, the Group’s risk management policies seek to minimise potential adverse effects of these risks
on the financial performance of the Group.
Matters pertaining to risk management strategies and execution require the decision and approval of the Board of
Directors (“the Board”).
The Board is regularly updated on the Group’s financial investments and hedging activities.
There has been no change to the Group’s exposure to these financial risks or the manner in which it manages and
measures the risk. Financial risk exposures are measured using sensitivity analysis indicated below.
Notes to Financial Statements
December 31, 2014
GROUP
CO-OPERATIVE
