A N N U A L R E P O R T 2 0 1 6
132
NOTES TO THE
FINANCIAL STATEMENTS
For the Financial Year Ended 31 March 2016
34.
Capital management
The primary objective of the Group¡¯s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in
order to support its business and maximise shareholder value.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust
the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No
changes were made in the objectives, policies, or processes during the financial year ended 31 March 2016.
The Group monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Group includes within net
debt, trade and other payables, other liabilities, bank loan, finance lease liabilities, less cash and bank balances. Capital includes equity
attributable to equity holders of the Group.
Group
2016
2015
$¡¯000
$¡¯000
Net debt:
Trade and other payables (Note 22)
7,129
5,405
Other liabilities (Note 23)
162
152
Provisions (Note 24)
2,049
2,046
Bank loans (Note 25)
7,920
8,228
Finance lease liabilities (Note 30 (c))
389
499
Less: Cash and bank balances (Note 21)
(19,407)
(20,147)
(1,758)
(3,817)
Capital:
Equity attributable to the equity holders of the Company
34,615
33,297
Capital and net debt
32,857
29,480
Gearing ratio
¨C
(1)
¨C
(1)
(1)
Not meaningful as cash and bank balances exceeds total debts.
