29 FINANCIAL INSTRUMENTS
(continued)
Liquidity risk
(continued)
The following are the contractual maturities of financial liabilities, 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
More than
5 years
$’000
$’000
$’000
$’000
$’000
Group
2014
Non-derivative financial
liabilities
Floating rate loans
1,017,730 (1,092,647)
(114,987)
(618,561)
(359,099)
Fixed rate loans
520,266
(591,719)
(166,281)
(199,795)
(225,643)
Finance lease liabilities
12,916
(13,277)
(3,145)
(10,132)
–
Trade and other payables 118,534
(118,534)
(118,534)
–
–
1,669,446 (1,816,177)
(402,947)
(828,488)
(584,742)
Derivative financial
instruments
Interest rate swaps:
– liabilities
14,135
(16,640)
(7,889)
(8,365)
(386)
Forward exchange
contracts (assets)
(353)
353
353
–
–
13,782
(16,287)
(7,536)
(8,365)
(386)
1,683,228 (1,832,464)
(410,483)
(836,853)
(585,128)
Group
2013
Non-derivative financial
liabilities
Floating rate loans
859,968
(917,579)
(64,737)
(533,382)
(319,460)
Fixed rate loans
319,748
(359,119)
(11,584)
(347,535)
–
Finance lease liabilities
17,368
(17,992)
(3,969)
(13,446)
(577)
Trade and other payables 112,208
(112,208)
(112,208)
–
–
1,309,292 (1,406,898)
(192,498)
(894,363)
(320,037)
Derivative financial
instruments
Interest rate swaps:
– assets
(929)
1,024
(1,072)
1,772
324
– liabilities
11,287
(11,827)
(5,484)
(6,343)
–
Forward exchange
contracts (liabilities)
938
(938)
(938)
–
–
11,296
(11,741)
(7,494)
(4,571)
324
1,320,588 (1,418,639)
(199,992)
(899,511)
(319,136)
Notes to the Financial Statements
Year ended 31 December 2014
172 | Ascott Residence Trust Annual Report 2014
