96
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 (cont’d)
Carrying Contractual Less than 1 – 5
Over
amount cash flows
1 year
years
5 years
$
$
$
$
$
Group
Derivative
financial liabilities
30 June 2016
Net settled:
Structured
currency
instruments
40,764 (40,764)
(40,764)
–
–
30 June 2015
Net settled:
Structured
currency
instruments
360,241 (360,241)
(360,241)
–
–
Company
Non-derivative
financial liabilities
30 June 2016
Trade and other
payables
38,936,968 (39,114,181) (37,810,848) (1,303,333)
–
30 June 2015
Trade and other
payables
30,798,477 (31,435,689) (29,672,356) (1,763,333)
–
* Excludes derivatives (shown separately) and advance receipts from customers.
29 FINANCIAL INSTRUMENTS: INFORMATIONON FINANCIAL RISKS (CONT’D)
Liquidity risk (cont’d)
The above amounts disclosed in the maturity analysis are the contractual undiscounted
cash flows and such undiscounted cash flows differ from the carrying amounts included
in the statement of financial position. The undiscounted amounts on the borrowings
with variable interest rates are determined by reference to the conditions existing at
the reporting date. When the counterparty has a choice of when an amount is paid, the
liability is included on the basis of the earliest date on which it can be required to pay.
It is expected that all the liabilities will be settled at their contractual maturity.
The classification of the financial assets is shown in the statement of financial position as
theymay be available tomeet liquidity needs and no further analysis is deemed necessary.
Financial guarantee contracts
For financial guarantee contracts the maximum earliest period in which the guarantee
would be called is used. As at 30 June 2016 and 2015, no claims on the financial
guarantees are expected. The following table shows the maturity analysis of the
financial guarantees.
Less than
1 year
$
Company
2016
Corporate guarantees in favour of subsidiaries
43,700,716
2015
Corporate guarantees in favour of subsidiaries
62,533,404
