Page 133 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
131
29 FINANCIAL RISK MANAGEMENT (CONTINUED)
(d) Interest rate risk (Continued)
Cash flow sensitivity analysis for variable rate instruments
For variable rate loans and borrowings, it is estimated that an increase of 100 basis points
(bp) in interest rates at the reporting date would have increased/(decreased) profit or loss
(before any tax effects) by the amounts shown below. This analysis assumes that all other
variables, in particular foreign currency rates, remain constant. The analysis is performed
on the same basis for 2012.
Profit or (loss)
100 bp
increase
100 bp
decrease
$’000 $’000
Group
As at 31 December 2013
Variable rate instruments (6,762) 6,762
Interest rate swap 1,707 (1,707)
Cash flow sensitivity (net) (5,055) 5,055
As at 31 December 2012
Variable rate instruments (8,195) 8,195
Interest rate swaps 2,323 (2,323)
Cash flow sensitivity (net) (5,872) 5,872
Trust
As at 31 December 2013
Variable rate instruments * (*)
As at 31 December 2012
Variable rate instruments * (*)
Interest rate swap 672 (672)
Cash flow sensitivity (net) 672 (672)
* less than $1,000