Abacus Property Group – Annual Financial Report 2018

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ABACUS PROPERTY GROUP NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2018 12. FINANCIAL INSTRUMENTS (continued) (c) Market Risk (continued) Interest rate risk / Fair value interest rate risk (continued) The Group’s exposure to interest rate risk and the effective weighted average interest rates for each class of financial asset and financial liability are: Abacus^ Floating interest rate Fixed interest less than 1 year Fixed interest 1 to 5 years Fixed interest over 5 years Non interest bearing 30 June 2018 $'000 $'000 $'000 $'000 $'000 $'000 Financial Assets Cash and cash equivalents 73,262 - - - - 73,262 Receivables - - - - 20,133 20,133 Secured loans - 262,976 67,537 - - 330,513 Total financial assets 73,262 262,976 67,537 - 20,133 423,908 Weighted average interest rate* 1.60% 10.91% 9.96% Financial liabilities Interest bearing liabilities - bank 694,970 - - - - 694,970 Interest bearing liabilities - other - 12,078 - - - 12,078 Derivatives - - - - 12,908 12,908 Payables - - - - 82,099 82,099 Total financial liabilities 694,970 12,078 - - 95,007 802,055 Notional principal swap balance maturities* - 110,000 180,000 - - 290,000 Weighted average interest rate on drawn bank debt* 4.27% Total Floating interest rate Fixed interest less than 1 year Fixed interest 1 to 5 years Fixed interest over 5 years Non interest bearing 30 June 2017 $'000 $'000 $'000 $'000 $'000 $'000 Financial Assets Cash and cash equivalents 27,638 - - - - 27,638 Receivables - - - - 17,531 17,531 Secured loans - 93,148 253,518 - - 346,666 Derivatives - - - - 1,667 1,667 Total financial assets 27,638 93,148 253,518 - 19,198 393,502 Weighted average interest rate* 1.60% 8.41% 11.27% Financial liabilities Interest bearing liabilities - bank 513,691 - - - - 513,691 Interest bearing liabilities - other - - 11,525 - - 11,525 Derivatives - - - - 22,283 22,283 Payables - - - - 21,653 21,653 Total financial liabilities 513,691 - 11,525 - 43,936 569,152 Notional principal swap balance maturities* - 130,000 119,500 - - 249,500 Weighted average interest rate on drawn bank debt* 5.23% Total * calculated at 30 June ^ excludes Abacus Hospitality Fund and Abacus Wodonga Land Fund 63
ABACUS PROPERTY GROUP NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2018 12. FINANCIAL INSTRUMENTS (continued) (c) Market Risk (continued) Interest rate risk / Fair value interest rate risk (continued) Other^ Floating interest rate Fixed interest less than 1 year Fixed interest 1 to 5 years Fixed interest over 5 years Non interest bearing 30 June 2018 $'000 $'000 $'000 $'000 $'000 $'000 Financial Assets Cash and cash equivalents 29,994 - - - - 29,994 Receivables - - - - 1,012 1,012 Total financial assets 29,994 - - - 1,012 31,006 Total Weighted average interest rate* 1.60% Financial liabilities Payables - - - - 6,469 6,469 Total financial liabilities - - - - 6,469 6,469 Floating interest rate Fixed interest less than 1 year Fixed interest 1 to 5 years Fixed interest over 5 years Non interest bearing 30 June 2017 $'000 $'000 $'000 $'000 $'000 $'000 Financial Assets Cash and cash equivalents 28,650 - - - - 28,650 Receivables - - - - 926 926 Total financial assets 28,650 - - - 926 29,576 Total Weighted average interest rate* 1.60% Financial liabilities Payables - - - - 6,212 6,212 Total financial liabilities - - - - 6,212 6,212 * calculated at 30 June ^ Includes Abacus Hospitality Fund and Abacus Wodonga Land Fund 64
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Abacus Property Group ANNUAL FINANC
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DIRECTORS’ REPORT 30 June 2018 AB
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Abacus Property Group – Annual Financial Report 2018

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