242
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
26 FINANCIAL INSTRUMENTS
(continued)
Liquidity risk
(continued)
Exposure to liquidity risk
The following are the contractual maturities of financial liabilities, including estimated interest payments:
Cash flows
No
Carrying Contractual
Within
2 to More than contractual
amount cash flows
1 year
5 years
5 years maturity
$’000
$’000
$’000
$’000
$’000
$’000
Group
31/12/2015
Non-derivative financial liabilities
Loans and borrowings
1,911,660 (2,088,237)
(238,212)
(1,841,864)
(8,161)
–
Trade and other payables
(1)
395,868 (398,415)
(363,041)
(35,374)
–
–
Junior bonds
143,924 (175,705)
(12,907)
(162,798)
–
–
Redeemable preference shares
47,613
(47,613)
–
–
–
(47,613)
2,499,065 (2,709,970)
(614,160)
(2,040,036)
(8,161)
(47,613)
30/6/2014
Non-derivative financial liabilities
Trade and other payables
7,277
(7,277)
(6,142)
(1,135)
–
–
Company
31/12/2015
Non-derivative financial liabilities
Loans and borrowings
297,326 (339,334)
(13,950)
(325,384)
–
–
Trade and other payables
21,455
(21,455)
(21,455)
–
–
–
318,781 (360,789)
(35,405)
(325,384)
–
–
30/6/2014
Non-derivative financial liabilities
Trade and other payables
1,083
(1,083)
(1,083)
–
–
–
(1)
Excludes advanced rental received and deferred income
The maturity analyses show the undiscounted cash flows of the financial liabilities of the Group and the Company on the
basis of their earliest possible contractual maturity.
It is not expected that the cash flows included in the maturity analysis above could occur significantly earlier, or at significantly
different amounts.
In addition to the above table, the Company has exposure to liquidity risk from financial guarantees issued to certain
financial institutions, in respect of banking facilities and securities drawn by subsidiaries of $680.0 million (2014: Nil).
At reporting date, the Company does not consider that it is probable that a claim will be made against the Company under
the financial guarantee contracts. Accordingly, the Company does not expect any net cash outflows resulting from the
financial guarantee contracts.
