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33. Financial risk management objectives and policies (cont’d)
(b)
Liquidity risk (cont’d)
Company
1 year
or less
1 to 5
years
Over 5
years
Total
$’000
$’000
$’000
$’000
2014
Financial assets:
Amount due from subsidiaries
3,024
–
–
3,024
Amount due from associates
–
–
–
–
Cash and bank balances
9,664
–
–
9,664
Available-for-sale financial assets
–
–
273
273
Total undiscounted financial assets
12,688
–
273
12,961
Financial liabilities:
Trade and other payables
1,686
–
–
1,686
Total undiscounted financial liabilities
1,686
–
–
1,686
Total net undiscounted financial assets
11,002
–
273
11,275
(c)
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in
market interest rates. The Company obtains financing through bank loans and finance lease facilities. The Company’s policy is to obtain
the most favourable interest rates available without increasing its interest risk exposure. All the Group’s financial assets and liabilities at
floating rates are contractually repriced at intervals of less than 6 months (2014: less than 6 months) from the end of the reporting period.
