95
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
29 FINANCIAL INSTRUMENTS: INFORMATIONON FINANCIAL RISKS (CONT’D)
Liquidity risk
Liquidity risk refers to the difficulty in meeting obligations associated with financial
liabilities that are settled by delivering cash or another financial asset. The Group
maintains sufficient cash and cash equivalents, and internally generated cash flows to
finance its operations. The Group finances liquidity through internally generated cash
flows and minimises liquidity risk by keeping committed credit lines available.
Group
2016
2015
$
$
Undrawn borrowing facilities
14,023,843 22,698,797
The undrawn borrowing facilities are available for operating activities and to settle
other commitments. Borrowing facilities are maintained to ensure funds are available
for the Group’s operations.
29 FINANCIAL INSTRUMENTS: INFORMATIONON FINANCIAL RISKS (CONT’D)
Liquidity risk (cont’d)
The following are the contractual maturities of financial liabilities, including estimated
interest payments and excluding the impact of netting agreements:
Carrying Contractual Less than 1 – 5
Over
amount cash flows
1 year
years
5 years
$
$
$
$
$
Group
Non-derivative
financial liabilities
30 June 2016
Secured bank loans 38,017,518 (40,439,237) (29,850,240) (7,088,041) (3,500,956)
Finance lease
liabilities
57,041
(61,179)
(18,828)
(42,351)
–
Trust receipts
5,626,157 (5,626,157) (5,626,157)
–
–
Trade and other
payables*
5,971,369 (5,971,369) (5,971,369)
–
–
49,672,085 (52,097,942) (41,466,594) (7,130,392) (3,500,956)
30 June 2015
Secured bank loans 55,384,746 (59,448,310) (27,037,063) (28,669,059) (3,742,188)
Finance lease
liabilities
197,455 (206,076)
(144,897)
(61,179)
–
Trust receipts
6,951,203 (6,951,203) (6,951,203)
–
–
Trade and other
payables*
7,468,422 (7,468,422) (7,468,422)
–
–
70,001,826 (74,074,011) (41,601,585) (28,730,238) (3,742,188)
