60
JUMBO GROUP LIMITED
Notes to the Combined
Financial Statements
As at 30 September 2015
4
FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)
(v)
Liquidity risk management
Liquidity risk refers to the risk that the Group may not be able to meet its obligations.
The Group maintains sufficient cash and bank balances and internally generated cash flows to finance its working
capital requirements.
All financial liabilities are repayable on demand or due within 1 year from the end of the financial year, except for
bank borrowings in which information of the maturity profile and interest rate is disclosed in Note 18 to the financial
statements.
All financial assets mature within 1 year from the end of the financial year.
Liquidity and interest risk analyses
Non-derivative financial liabilities
The following tables detail the remaining contractual maturity for non-derivative financial liabilities. The tables have
been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the
Group can be required to pay. The tables include both interest and principal cash flows. The adjustment column
represents the possible future cash flows attributable to the instrument included in the maturity analysis which is not
included in the carrying amount of the financial liability on the statements of financial position.
Weighted
average
effective
interest rate
On demand
or within
1 year
Within
2 to 5
years
After
5 years
Adjustment
Total
%
$
$
$
$
$
Group
2015
Non-interest
bearing
–
14,365,561
–
–
–
14,365,561
Finance lease
liability
3.59
65,640
82,050
–
(12,690)
135,000
Bank borrowings
1.72
117,990
471,958
206,482
(100,354)
696,076
14,549,191
554,008
206,482
(113,044)
15,196,637
2014
Non-interest
bearing
–
13,996,143
–
–
–
13,996,143
Finance lease
liability
4.31
125,454
222,815
–
(33,686)
314,583
Bank borrowings
3.04
117,990
471,958
324,472
(123,426)
790,994
14,239,587
694,773
324,472
(157,112)
15,101,720
