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Annual Report 2012 - singapore land limited

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Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />

89<br />

NOTES TO THE FINANCIAL STATEMENTS<br />

For the fi nancial year ended 31 December <strong>2012</strong><br />

28. FINANCIAL RISK MANAGEMENT (continued)<br />

(c)<br />

Liquidity risk (continued)<br />

The Group<br />

Between Between<br />

Less than 1 and 3 3 and 5 Over 5<br />

1 year years years years<br />

$’000 $’000 $’000 $’000<br />

At 31 December <strong>2012</strong><br />

Trade and other payables (105,092) (38,371) (4,924) -<br />

Borrowings (215,546) (90,854) (105,402) -<br />

(320,638) (129,225) (110,326) -<br />

At 31 December 2011<br />

Trade and other payables (105,716) (40,996) (4,707) -<br />

Borrowings (237,258) (930) (30,695) -<br />

(342,974) (41,926) (35,402) -<br />

The Company<br />

At 31 December <strong>2012</strong><br />

Trade and other payables (1,070) (225,976) - -<br />

Borrowings (135,440) - - -<br />

(136,510) (225,976) - -<br />

At 31 December 2011<br />

Trade and other payables (1,052) (66,145) - -<br />

Borrowings (180,070) - - -<br />

(181,122) (66,145) - -<br />

The Group’s and the Company’s policy on liquidity risk management is to maintain suffi cient cash to enable<br />

them to meet their normal operating commitments and the availability of funding through adequate amounts<br />

of credit facilities with various banks. At the statement of fi nancial position date, assets held by the Group<br />

and the Company for managing liquidity risk included cash and short-term deposits as disclosed in note 18.

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