Page 192 - ar2014

ASCENDAS REAL ESTATE INVESTMENT TRUST 188
NOTESTOTHE FINANCIAL STATEMENTS
Year ended 31 March 2014
31 FINANCIAL RISK MANAGEMENT (continued)
------------------Cash fows---------------
Carrying
amount
Total
contractual
cash fows
Within
1 year
After 1 year
but within
5 years
After
5 years
$’000 $’000 $’000 $’000 $’000
Trust
2014
Non-derivative fnancial liabilities
Loans and borrowings 1,821,582 2,019,308 631,819 920,205 467,284
Collateral loan 341,091 304,037 304,037 – –
Trade and other payables (1) 97,426 97,426 97,426 – –
Security deposits 83,809 89,237 27,075 53,150 9,012
2,343,908 2,510,008 1,060,357 973,355 476,296
Derivative fnancial liabilities
Interest rate swaps designated as cash fow hedges
(net-settled) 8,548 9,365 7,085 2,280 –
Other interest rate swaps (net-settled) 26,680 29,437 7,867 12,150 9,420
Cross currency swaps (net-settled) 57,615 62,313 4,305 46,858 11,150
92,843 101,115 19,257 61,288 20,570
2,436,751 2,611,123 1,079,614 1,034,643 496,866
2013
Non-derivative fnancial liabilities
Loans and borrowings 1,605,797 1,827,124 264,085 1,154,754 408,285
Collateral loan 359,517 308,837 4,800 304,037 –
Trade and other payables (1) 110,754 110,754 110,754 – –
Security deposits 73,011 79,036 74,044 4,456 536
2,149,079 2,325,751 453,683 1,463,247 408,821
Derivative fnancial liabilities
Interest rate swaps designated as cash fow hedges
(net-settled) 30,255 32,283 14,266 18,410 (393)
Other interest rate swaps (net-settled) 33,362 34,908 11,382 24,468 (942)
Cross currency swaps (net-settled) 43,147 47,080 2,915 29,614 14,551
106,764 114,271 28,563 72,492 13,216
2,255,843 2,440,022 482,246 1,535,739 422,037
(1)Excludes rental received in advance.
Market risk
Market risk is the risk that changes in market prices, such as interest rates and foreign exchange rates, will afect the Group’s income
and its holdings of fnancial instruments. The objective of market risk management is to manage and control market risk exposures
within acceptable parameters, while optimising the return on risk.