New Zealand Gazette – 2009 – No. 182

Page 4389

✨ Financial Risk Management

9 DECEMBER 2009

NEW ZEALAND GAZETTE, No. 182

4389

Liquidity Risk

Management of liquidity risk
Liquidity risk is the risk that the group will encounter difficulty raising liquid funds to meet commitments as they fall due.
Prudent liquidity risk management implies maintaining sufficient cash, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. The Group aims to maintain flexibility in funding by keeping committed credit lines available.
The Group manages its borrowings in accordance with its funding and financial policies, which include a Liability Management policy.

Contractual maturity analysis of financial liabilities
The table below analyses the financial liabilities into relevant maturity groupings based on the remaining period at the balance date to the contractual maturity date.
The amounts disclosed are the contractual undiscounted cash flows.

	Distribution Carrying amount and contractual cash flows $	Distribution Less than 1 year $	Retail Carrying amount and contractual cash flows $	Retail Less than 1 year $
2009
Creditors and other payables	343,746	343,746	4,211,655	4,211,655
Net loans from related parties	3,075,896	-	9,016,527	-
Finance leases	-	-	-	-
Total	3,419,642	343,746	13,228,182	4,211,655

| | | |
| 2008 | | |
| Creditors and other payables | 306,495 | 306,495 | 2,922,376 | 2,922,376 |
| Net loans from related parties | 5,891,541 | - | 2,412,005 | - |
| Finance leases | 2,865 | 2,865 | 3,183 | 3,183 |
| Total | 6,198,036 | 306,495 | 5,334,382 | 2,922,376 |

Contractual maturity analysis of financial assets
The table below analyses the financial assets into relevant maturity groupings based on the remaining period at balance date to the contractual maturity date.

	Distribution Carrying amount and contractual cash flows $	Distribution Less than 1 year $	Retail Carrying amount and contractual cash flows $	Retail Less than 1 year $
2009
Cash and cash equivalents	43,375	43,375	204,834	204,834
Debtors and other receivables	643,341	643,341	2,941,794	2,941,794
Other financial assets	-	-	-	-
Total	686,716	686,716	3,146,628	3,146,628

| | | |
| 2008 | | |
| Cash and cash equivalents | 578,719 | 578,719 | 602,496 | 602,496 |
| Debtors and other receivables | 541,776 | 541,776 | 3,275,088 | 3,275,088 |
| Other financial assets | - | - | - | - |
| Total | 1,120,495 | 1,120,495 | 3,877,584 | 3,877,584 |

Sensitivity analysis

The tables below illustrate the potential profit and loss and equity (excluding retained earnings) impact for reasonably possible market movements, with all other variables held constant, based on financial instrument exposures at balance date.

	Distribution - 100bps Profit $	Distribution Other Equity $	Retail - 100bps Profit $	Retail Other Equity $
2009
Interest rate risk
Financial assets
Cash and cash equivalents
Other financial assets
Financial liabilities
Borrowings
- bank overdraft			90,166	-
- net loans from related parties	30,759	-
Total sensitivity to interest rate risk	30,759	-	90,166	-

Gazette.govt.nz — NZ Gazette 2009, No 182

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✨ LLM interpretation of page content

💰 Notes to the Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
Dated3 December 2009
KeywordsFinancial liabilities, Creditors, Borrowings, Credit risk, Bank guarantees, Interest rate risk, Currency risk, Liquidity risk, Maturity analysis, Sensitivity analysis

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