Entire Document - Chris Hani District Municipality

CHRIS HANI DISTRICT MUNICIPALITYNOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 201247. FINANCIAL INSTRUMENTS (Continued)47.8 Liquidity Risk ManagementUltimate responsibility for liquidity risk management rests with the Council, which has built an appropriate liquidity risk management framework for the management of the municipality’s short, medium and longtermfunding and liquidity management requirements. The municipality manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoringforecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.Liquidity and Interest Risk TablesThe following tables detail the municipality’s remaining contractual maturity for its non-derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilitiesbased on the earliest date on which the municipality can be required to pay. The table includes both interest and principal cash flows.DescriptionNote Average 6 Months 6 - 12 1 - 2 2 - 5 More thanref in effective TotalAFS Interest Rate or less Months Years Years 5 Years# % R R R R R30 June 2012Non-interest Bearing 0,00% 29 571 181 29 571 181 - - - -Fixed Interest Rate Instruments 5,00% 7 665 379 696 853 696 853 1 393 705 4 181 116 696 85337 236 560 30 268 034 696 853 1 393 705 4 181 116 696 85330 June 2011Non-interest Bearing 0,00% 115 002 934 115 002 934 - - - -Fixed Interest Rate Instruments 5,00% 9 059 085 696 853 696 853 1 393 705 4 181 116 2 090 558124 062 019 115 699 787 696 853 1 393 705 4 181 116 2 090 5586 6 12 361Chapter 4203