TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
91
Notes to the financial statements
For the financial year ended 31 March 2016
33.
Financial risks management objectives and policies (cont’d)
(d)
Liquidity risk management (cont’d)
Liquidity and interest risk analyses
Non-derivative financial liabilities
The following table details the remaining contractual maturity for non-derivative financial liabilities. The table has
been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which
the Group and the Company can be required to pay. The table includes both interest and principal cash flows.
The adjustment column represents the possible cash flows attributable to the instrument included in the maturity
analysis which is not included in the carrying amount of the financial liabilities on the statement of financial
position.
Group
2016
Weighted
average
effective
interest rate
On demand
or within
1 year
Within 2 to
5 years
After
5 years Adjustment
Total
%
$
$
$
$
$
On balance sheet
Non-interest bearing:
Trade payables
–
3,362,408
–
–
– 3,362,408
Other payables
3.37
7,556,943 2,890,030
– (255,469) 10,191,504
10,919,351 2,890,030
– (255,469) 13,553,912
Finance leases (fixed rate)
2.77
241,541 490,481
–
(85,911)
646,111
Variable interest rate instruments:
Bank loans
2.73
626,111 1,499,855 1,575,567 (425,303) 3,276,230
Total
11,787,003 4,880,366 1,575,567 (766,683) 17,476,253
2015
On balance sheet
Non-interest bearing:
Trade payables
–
3,660,296
–
–
– 3,660,296
Other payables
6.00
8,442,152 2,928,880
–
(94,958) 11,276,074
12,102,448 2,928,880
–
(94,958) 14,936,370
Finance leases (fixed rate)
2.72
192,684 459,641
–
(72,523)
579,802
Variable interest rate instruments:
Bank loans
2.20
2,123,180 1,825,158 1,756,715 (455,677) 5,249,376
Total
14,418,312 5,213,679 1,756,715 (623,158) 20,765,548
