070917_KPGHL_Annual Report 2017_final_PREVIEW

Notes to the Financial Statements | For the Year Ended 30 June 2017
21 Earnings per Share
2017 2016
No.
No.
Weighted average number of
ordinary shares outstanding during
the year used in calculating basic
EPS
Weighted average number of
ordinary shares outstanding during
the year used in calculating dilutive
EPS
33,342,437 32,045,397
33,342,437 32,045,397
22 Capital and Leasing Commitments
(a)Finance Leases
(b) Operating Leases
2017 2016
$ $
Minimum lease payments:
- not later than one year - 6,210
- between one year and five years - 2,869
Minimum lease payments - 9,079
Less: finance changes - (827)
Present value of minimum lease
payments
- 8,252
2017 2016
$ $
Notes to the Financial Statements
Minimum lease payments under
non-cancellable operating leases:
- not later than one year 2,185,998 1,409,961
- between one year and five years 6,202,550 3,383,942
- later than five years 834,846 -
9,223,394 4,793,903
Operating leases have been taken out for office premises and office equipment. The above balances are gross of
sublease income of $168,368 not later than one year and $171,634 between one year and five years (2016: $165,824 not
later than one year and $253,482 between one year and five years).
23 Financial Risk Management
The Company is exposed to a variety of financial risks through its use of financial instruments: market risk (including
interest rate risk and price risk), credit risk and liquidity risk.
The Company‘s overall risk management plan seeks to minimise potential adverse effects due to the unpredictability
of financial markets.
The Company does not use derivative financial instruments or speculate in financial assets.
Risk management is carried out by senior management under policies approved by the Board of Directors ("the Board").
The policies include identification and analysis of the risk exposure of the Group and appropriate procedures, controls
and risk limits. Management identifies and evaluates financial risks within the group's businesses and reports to the
Board on a regular basis.
The group's financial instruments consist mainly of deposits with banks, accounts receivable and payable, bank loans
and overdrafts, loans to and from subsidiaries, and leases.
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