29 FINANCIAL INSTRUMENTS
(continued)
Interest rate risk
(continued)
Currency
Notional
contract
amount in
foreign
currency Fixed rate Floating rate
Year of
maturity
Net asset/
(liability)
$’000
%
%
$’000
Trust
2014
EUR
183,137 0.35 – 2.72
EURIBOR 2015 – 2019
(9,360)
GBP
38,430 0.87 – 1.87
LIBOR 2016 – 2019
(814)
JPY
5,180,000 0.26 – 0.35
LIBOR 2016 – 2017
(267)
(10,441)
2013
EUR
56,137
1.11
EURIBOR
2019
149
GBP
32,299 0.96 – 1.87
LIBOR 2016 – 2019
780
929
EUR
127,000 0.35 – 2.72
EURIBOR 2015 – 2016
(9,807)
JPY
5,180,000 0.26 – 0.35
LIBOR 2016 – 2017
(210)
(10,017)
(9,088)
At the reporting date, the interest rate profile of the interest-bearing financial instruments was as
follows:
Group
Trust
Carrying amount
Carrying amount
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Fixed rate instruments
Financial liabilities
(520,266)
(319,748)
–
–
Variable rate instruments
Financial liabilities
(1,030,646)
(877,336)
(473,955)
(470,218)
Interest rate swaps (assets)
–
929
–
929
Interest rate swaps (liabilities)
(14,135)
(11,287)
(10,441)
(10,017)
Pursuing Growth | 181
