Page 127 - SAR141018_Forterra AR 2013

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Page 128

FORTERRA

ANNUAL REPORT 2013

NOTES TO THE

FINANCIAL STATEMENTS

125

FINANCIAL RISK MANAGEMENT (CONTINUED)

(b) Liquidity risk (Continued)

The Trustee-Manager monitors and maintains a level of cash and cash equivalents deemed

adequate by management to finance the Group’s operations and to mitigate the effects

of fluctuations in cash flows.

The following are the contractual maturities of financial liabilities (including those

classified as held for sale), including interest payments and excluding the impact of netting

agreements:

Cash flows

Carrying

amount

Contractual

cash flows

Within

1 year

Within

1 to 5 years

Over

5 years

$’000 $’000 $’000 $’000 $’000

Group

31 December 2013

Non-derivative financial

liabilities

Interest-bearing borrowings

(709,012) (760,924) (122,605) (620,239)

(18,080)

Debt securities

(79,470) (90,230) (90,230)

–

Trade and other payables*

(97,189)

–

Liabilities held for sale*

(69,676)

(75,947)

(31,820)

(17,476)

(26,651)

(955,347) (1,024,290) (341,844) (637,715)

(44,731)

Derivative financial liabilities

Interest rate swap (net settled)

(85)

–