2 0 1 5 |
WE L ANNUA L REPOR T
64
Financial risk management (continued)
The following table summarises the sensitivity of the Group’s financial assets and financial liabilities to interest rate risk.
I N T E R E S T R A T E R I S K
+ 1%
- 1 %
Carrying
amounts
($000)
Effect on profit
before tax
and equity
($000)
Effect on profit
before tax
and equity
($000)
Group
As at 31 March 2015
Financial assets
Trade and other receivables
18,325
-
-
Financial liabilities
Borrowings
137,266
(623)
623
Cash and cash equivalents
2,961
(30)
30
Trade and other payables
23,490
-
-
Customer discount payable
19,100
-
-
Derivative financial instruments
1,805
-
-
Loan from non-controlling interest
17,075
(171)
171
Total (decrease) / increase
(824)
824
As at 31 March 2014
Financial assets
Trade and other receivables
12,013
-
-
Cash and cash equivalents
1,883
19
(19)
Financial liabilities
Borrowings
89,800
(898)
898
Trade and other payables
17,553
-
-
Customer discount payable
19,365
-
-
Derivative financial instruments
367
-
-
Loan from non-controlling interest
8,770
(88)
88
Total (decrease) / increase
(967)
967
