70
Notes to Financial Statements
December 31, 2014
4. Financial Instruments, Financial Risks and Capital Assets
Management (cont’d)
(b) Financial risk management policies and objectives (cont’d)
(iii) Interest rate risk management (cont’d)
Liquidity and interest risk analyses
Non-derivative financial assets
The following table details the expected maturity for non-derivative financial assets (excluding available-for-sale
investments). The inclusion of information on non-derivative financial assets is necessary in order to understand the
Group’s liquidity risk management as the Group’s liquidity risk is managed on a net asset and liability basis. The tables
below have been drawn up based on the undiscounted contractual maturities of these financial assets including interest
that will be earned on these assets except where the Group and the Co-operative anticipates that the cash flow will
occur in a different period. The adjustment column represents the reasonably possible future cash flows attributable to
the instrument included in the maturity analysis which are not included in the carrying amount of the financial asset on
the statement of financial position.
Weighted
average
effective
interest rate
On
demand
or within
1 year
Within
2 to
5 years Adjustment
Total
%
$’000
$’000
$’000
$’000
Group
December 31, 2014
Non-interest bearing
-
299,903
-
- 299,903
Fixed interest rate
instruments
0.41
200,540
4,091
(77)
204,554
Variable interest rate
instruments
6.5
-
171,914
(7,214)
164,700
500,443
176,005
(7,291)
669,157
December 31, 2013
Non-interest bearing
-
262,961
-
-
262,961
Fixed interest rate
instruments
0.37
75,452
3,450
(1)
78,901
Variable interest rate
instruments
4.4
-
179,152
(7,226)
171,926
338,413
182,602
(7,227)
513,788
