notes to the financial statements - Far East Orchard Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2008
33. Financial risk management (continued)
(c) Liquidity risk
76
The table below analyses the maturity profile of the Group’s and the Company’s financial liabilities based on
contractual undiscounted cash flow.
Between 1 Between 2
Less than and 2 and 5
1 year years years
$’000 $’000 $’000
The Group
At 31 December 2008
Trade and other payables 21,040 - -
Borrowings 370,329 4,122 109,227
Other non-current liabilities - 3,693 232
391,369 7,815 109,459
At 31 December 2007
Trade and other payables 19,033 - -
Borrowings 217,002 201,389 96,538
Other non-current liabilities - 3,639 171
236,035 205,028 96,709
The Company
At 31 December 2008
Trade and other payables 10,120 - -
Borrowings 331,679 - -
Other non-current liabilities - 222 225
341,799 222 225
At 31 December 2007
Trade and other payables 9,996 - -
Borrowings 208,803 196,453 -
Other non-current liabilities - 304 141
218,799 196,757 141
The Group and the Company manage the liquidity risk by maintaining sufficient cash to enable them to meet their
normal operating commitments and having an adequate amount of committed credit facilities.
The Group has secured a new loan facility to refinance the repayment of Bonds and Notes due within 1 year [Note
25(b)].
(d) Capital risk
The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going
concern and to maintain an optimal capital structure so as to maximise shareholder value. In order to maintain
or achieve an optimal capital structure, the Group may adjust the amount of dividend payment, return capital
to shareholders, issue new shares, buy back issued shares, obtain new borrowings or sell assets to reduce
borrowings.
ANNUAL REPORT 2008 ORCHARD PARADE HOLDINGS LIMITED