SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
79
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
27. Financial instruments: information on financial risks (cont’d)
27E. Liquidity risk – financial liabilities maturity analysis (cont’d)
Less than
1 year
HK$’000
Company:
Non-derivative financial liabilities:
2015:
Trade and other payables
26,452
2014:
Trade and other payables
22,260
The above amounts disclosed in the maturity analysis are the contractual undiscounted cash flows and such
undiscounted cash flows differ from the amount included in the statement of financial position. When the counter-
party has a choice of when an amount is paid, the liability is included on the basis of the earliest date on which it
can be required to pay. For financial guarantee contracts the maximum earliest period (within one year) in which the
guarantee could be called is used (Note 31).
The liquidity risk refers to the difficulty in meeting obligations associated with financial liabilities that are settled
by delivering cash or another financial asset. It is expected that all the liabilities will be paid at their contractual
maturity. The average credit period taken to settle trade payables is about 60 to 90 days (2014: 60 to 90 days).
In order to meet such cash commitments the operating activity is expected to generate sufficient cash inflows.
In addition, the financial assets are held for which there is a liquid market and that are available to meet liquidity
needs.
Bank facilities:
Group
2015
2014
HK$’000
HK$’000
Undrawn borrowing facilities:
Loans facilities
−
2,235
Trading facilities
−
14,669
Lease facilities
−
8,416
Bank guarantees
−
127,129
The undrawn borrowing facilities are available for operating activities and to settle other commitments. Borrowing
facilities are maintained to ensure funds are available for budgeted operations. A monthly schedule showing
the maturity of financial liabilities and unused borrowing facilities is provided to management to assist them in
monitoring the liquidity risk.
