TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
93
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)
Non-derivative financial assets
The following tables detail the expected maturity for non-derivative financial assets. The inclusion of information
on non-derivative financial asset is necessary in order to understand the Group’s liquidity risk management as
the Group’s liquidity risk is managed on a net asset and liability basis. The tables below have been drawn up
based on the undiscounted contractual maturities of the financial assets including interest that will be earned
on those assets except where the Group and the Company anticipate that the cash flow will occur in a different
period. The adjustment column represents the possible future cash flows attributable to the instrument included
in the maturity analysis which are not included in the carrying amount of the financial assets 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
%
$
$
$
$
$
Non-interest bearing:
Cash and bank balances
–
13,024,952
–
–
– 13,024,952
Trade receivables
–
1,784,366
–
–
– 1,784,366
Other receivables
6.00
683,158 417,800
– (52,260) 1,048,698
Long-term security deposits
–
– 1,625,401
–
– 1,625,401
Available-for-sale financial assets
–
–
–
16,000
–
16,000
15,492,476 2,043,201 16,000 (52,260) 17,499,417
Fixed interest rate instrument:
Short-term deposit
1.18
1,000,000
–
–
– 1,000,000
Total
16,492,476 2,043,201 16,000 (52,260) 18,499,417
2015
Non-interest bearing:
Cash and bank balances
–
15,254,490
–
–
– 15,254,490
Trade receivables
–
2,193,137
–
–
– 2,193,137
Other receivables
4.64
236,036 719,000
– (77,617)
877,419
Long-term security deposits
–
– 1,495,494
–
– 1,495,494
Available-for-sale financial assets
–
–
–
16,000
–
16,000
Total
17,683,663 2,214,494 16,000 (77,617) 19,836,540
