Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201213331 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS32. FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS (CONTINUED)32E. Liquidity RiskLiquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated withits financial liabilities that are settled by delivering cash or another financial assets. The Group’s approachto managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet itsliabilities when due, under both normal and stressed conditions, without incurring unacceptable losses orrisking damage to the Group’s reputation.The following table analyses the financial liabilities by remaining contractual maturity (contractual andundiscounted cash flows at the end of the reporting year):Less than1 yearDue within2 to 5 yearsDue after5 years Total$’000 $’000 $’000 $’000Group2012Loans and borrowings 15,390 7,232 4,455 27,077Trade and other payables 13,021 – – 13,02128,411 7,232 4,455 40,0982011Loans and borrowings 12,728 4,379 3,225 20,332Trade and other payables 11,668 – – 11,66824,396 4,379 3,225 32,000Company2012Loans and borrowings 1,437 156 5 1,598Trade and other payables 1,104 – – 1,1042,541 156 5 2,7022011Loans and borrowings 1,438 1,567 32 3,037Trade and other payables 1,894 – – 1,8943,332 1,567 32 4,931