31.
Financial instruments: information on financial risks
Classification of financial assets and liabilities
The carrying amounts of financial assets and liabilities recorded at the end of the reporting year are as follows:
Group
Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Financial assets
Loans and receivables
- Trade and other receivables
103,784
93,165
3,509
5,150
- Cash and cash equivalents
72,611
82,972
6,007
6,288
Available-for-sale financial assets
- Quoted equity shares
5,108
–
5,108
–
- Unquoted equity shares
38
38
38
38
Held-to-maturity investment
- 4% p.a. US bonds due on 23 October 2017
(quoted)
1,027
1,055
1,027
1,055
At end of the year
182,568
177,230
15,689
12,531
Financial liabilities
Financial liabilities at amortised cost
- Trade and other payables
110,542
99,714
1,841
1,642
- Other financial liabilities
13,385
6,514
–
–
At end of the year
123,927
106,228
1,841
1,642
Further quantitative disclosures are included throughout these financial statements.
Fair values of financial instruments
The analyses of financial instruments that are measured subsequent to initial recognition at fair value are disclosed in the
relevant notes to the financial statements. These include both the significant financial instruments stated at amortised
cost and at fair value in the statements of financial position. The carrying amounts of current financial instruments
approximate their fair values due to the short-term maturity of these instruments and the disclosures of fair value are
not made when the carrying amounts of current financial instruments are reasonable approximation of their fair values.
Financial risk management
The main purpose for holding or issuing financial instruments is to raise and manage the finances for the Group’s
operating, investing and financing activities. There are exposures to the financial risks on the financial instruments
such as credit risk, liquidity risk and market risk comprising interest rate risk, foreign currency risk and equity price risk.
Management has certain practices for the management of these financial risks. All financial risk management activities are
carried out based on good market practices and are monitored by management staff. The Group’s overall financial risk
management strategy seeks to minimise the potential material adverse effects from these financial risk exposures. The
information about the Group’s exposure to each of the above risks and the Group’s objectives, policies and processes
for measuring and managing these risks are presented below. There has been no change to the Group’s exposure to
these financial risks or the manner in which it manages and measures these risks.
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