52
McPHERSON’S LIMITED
ANNUAL REPORT 2015
NOTE 2. FINANCIAL RISK MANAGEMENT (CONTINUED)
(D) LIQUIDITY RISK (CONTINUED)
Maturity profile of the Group’s borrowings
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on the remaining period at balance date to the
contractual maturity date. The amounts disclosed are the contractual undiscounted cash flows.
LESS THAN
1 YEAR
$’000
BETWEEN
1 & 2 YEARS
$’000
BETWEEN
2 & 3 YEARS
$’000
BETWEEN
4 & 6 YEARS
$’000
TOTAL
CONTRACTUAL
CASH FLOWS
$’000
CARRYING
AMOUNT
$’000
30 June 2015
Non-derivatives
Payables
60,427
-
-
-
60,427
60,427
Contingent consideration
1
6,637
-
-
-
6,637
6,637
Borrowings
5,527
34,850
37,646
33,728
111,751
88,475
Total non-derivative financial liabilities
72,591
34,850
37,646
33,728
178,815
155,539
Derivatives
Interest rate contracts
409
410
410
781
2,010
2,010
Foreign currency options
802
-
-
-
802
802
Total derivative financial instrument
liabilities
1,211
410
410
781
2,812
2,812
30 June 2014
Non-derivatives
Payables
50,627
-
-
-
50,627
50,627
Contingent consideration
1
4,170
8,715
-
-
12,885
12,885
Borrowings
7,115
78,024
-
-
85,139
78,820
Total non-derivative financial liabilities
61,912
86,739
-
-
148,651
142,332
Derivatives
Forward foreign exchange contracts - inflow
(46,945)
-
-
-
(46,945)
-
Forward foreign exchange contracts - outflow
49,074
-
-
-
49,074
1,952
2,129
-
-
-
2,129
1,952
Interest rate contracts
835
835
142
-
1,812
1,812
Foreign currency options
1,184
-
-
-
1,184
1,068
Total derivative financial instrument
liabilities
4,148
835
142
-
5,125
4,832
1. The amounts disclosed above in relation to contingent consideration are based on management’s best estimates of the likely future payments based on the facts and circumstances in existence
at 30 June 2015 and 30 June 2014 respectively. The final payment amounts may significantly differ from the amounts disclosed above. Refer to Note 31 for further information.
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS CONTINUED