2008 Finansiële Jaar - overbergagri

OVERBERG AGRI BEPERK EN SY FILIALE
Aantekeninge tot die finansiële jaarstate (vervolg)
VIR DIE JAAR GEËINDIG 29 FEBRUARIE 2008
3.1 FINANSIËLE RISIKO-FAKTORE (vervolg)
Die Groep se kontantvloei-rentekoersrisiko ontstaan uit
langtermyn- en korttermynlenings. Lenings wat teen
veranderlike koerse toegestaan word, stel die Groep bloot
aan kontantvloei-rentekoersrisiko.
Op jaareinde, indien die rentekoerse met 100 basispunte
versterk/verswak het teenoor die onderskeie geldeenhede
met al die ander veranderlikes wat konstant gehou word,
sou die na-belaste wins vir die jaar R294,779
(2007: R231,018) hoër/laer gewees het, hoofsaaklik as gevolg
van veranderlike rentekoersveranderinge.
(c) Kredietrisiko
Die Groep se kredietrisiko ontstaan van kredietblootstelling
aan landbou, groothandel- en kleinhandel-debiteure, kontant
en kontantekwivalente en deposito's by banke. Deurlopende
kredietevaluerings word van die finansiële posisies, vorige
ondervindings en ander faktore van sodanige debiteure
individueel uitgevoer, asook die vestiging van geskikte
sekuriteite, ooreenkomstig 'n formele kredietbeleid wat
deurlopend aangepas word om veranderings in risiko's in ag
te neem. Die benutting van die kredietfasiliteite word deurlopend
gemonitor. Die Groep se kontant en kontantekwivalente
word geplaas by hoë krediet-kwaliteit finansiële instellings.
OVERBERG AGRI LIMITED AND ITS SUBSIDIARIES
Notes to the annual financial statements (continued)
FOR THE YEAR ENDED 29 FEBRUARY 2008
3.1 FINANCIAL RISK FACTORS (continued)
The Group's cash-flow interest rate risk arises from
long-term and short-term loans. Loans granted at variable
rates expose the Group to cash-flow interest rate risk.
At year-end, should the interest rates have strengthened/
weakened by 100 basis points against the respective
currencies with all other variables being constant, the
after-tax profit for the year would have been R294,779
(2007: R231,018) higher/lower, primarily due to variable
interest rate changes.
(c) Credit risk
The Group's credit risk arises from credit exposure to
agriculture, wholesale and retail debtors, cash and cash
equivalents and deposits with banks. Continuous credit
evaluations are performed individually of the financial
positions, previous experience and other factors of such
debtors as well as the vesting of suitable securities in
accordance with a formal credit policy applied throughout
to take account of changes in risks. The Group's cash
and cash equivalents are placed at high credit quality
financial institutions.
Kredietfasiliteit
Saldo
Credit
facility
Balance
R’000 R’000
29 Februarie 2008 29 February 2008
Kontant en kontantekwivalente: ABSA 37,000 78,571 Cash and cash equivalents: ABSA
37,000 78,571
28 Februarie 2007 28 February 2007
Kontant en kontantekwivalente: ABSA 30,000 8,816 Cash and cash equivalents: ABSA
30,000 8,816
(d) Likiditeitsrisiko
Omsigtige likiditeitsrisikobestuur impliseer die instandhouding
van toereikende kontant en bemarkbare sekuriteite,
die beskikbaarheid van befondsing deur middel van 'n toereikende
hoeveelheid van goedgekeurde kredietfasiliteite
en die vermoë om markposisies volkome te ontbondel. As
gevolg van die dinamiese aard van die onderliggende besighede,
beoog Bestuur om befondsingsaanpasbaarheid te
handhaaf deur goedgekeurde kredietlyne beskikbaar te hou.
(d) Liquidity risk
Prudent liquidity risk management implies the
maintenance of sufficient cash and marketable securities,
the availability of funding by means of a sufficient number
of approved credit facilities and the ability to fully
unbundle market positions. As a result of the dynamic
nature of the underlying businesses, Management intends
to maintain funding adjustability by keeping available
approved lines of credit.
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