KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
84
Notes to the financial statements
15 Financial risk management (Cont’d)
Liquidity risk (Cont’d)
The following are the contractual maturities of financial liabilities, including estimated interest payments and
excluding the impact of netting agreements or breaches of loan covenants:
Cash flows
Carrying
amount
Contractual
cash flows
Within
1 year
Within 1 to 5
years
More than
5 years
$’000
$’000
$’000
$’000
$’000
Group
2015
Term loans
- Fixed rate
3,530
(3,741)
(1,288)
(2,453)
–
- Floating rate
10,094
(10,509)
(3,173)
(7,336)
–
Finance lease liabilities
10,230
(10,890)
(3,396)
(7,264)
(230)
Trade and other payables
13,284
(13,284)
(13,284)
–
–
37,138
(38,424)
(21,141)
(17,053)
(230)
2014
Term loans
- Fixed rate
2,705
(2,856)
(1,388)
(1,468)
–
- Floating rate
3,562
(3,855)
(1,182)
(2,673)
–
Finance lease liabilities
1,860
(1,982)
(963)
(1,019)
–
Trade and other payables
17,664
(17,664)
(17,664)
–
–
25,791
(26,357)
(21,197)
(5,160)
–
Company
2015
Trade and other payables
455
(455)
(455)
–
–
2014
Trade and other payables
484
(484)
(484)
–
–
Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect
the Group’s profit or loss or the value of its holdings of financial instruments. The objective of market risk
management is to manage and control market risk exposures within acceptable parameters, while optimising
the return.
The Group is exposed to currency risk and interest rate risk.
