Notes to the financial statements
Year ended 31 March 2016
31 Financial risk management (continued)
Cash flows
Carrying
amount
Total
contractual
cash flows
Within
1 year
After 1 year
but within
5 years
After
5 years
$’000
$’000
$’000
$’000
$’000
Trust
2016
Non-derivative financial liabilities
Loans and borrowings
2,624,616 2,967,028 791,376 1,407,547 768,105
Collateral loan
354,000 304,037 304,037
–
–
Trade and other payables
(1)
151,043 151,043 149,368
1,675
–
Security deposits
106,752 113,222
32,865
71,838
8,519
3,236,411 3,535,330 1,277,646 1,481,060 776,624
Derivative financial liabilities
Interest rate swaps (net-settled)
12,208
11,256
10,314
2,979
(2,037)
Cross currency swaps (net-settled)
64,574
66,865
5,754
41,778
19,333
Forward exchange contracts
158
158
158
–
–
76,940
78,279
16,226
44,757
17,296
3,313,351 3,613,609 1,293,872 1,525,817 793,920
2015
Non-derivative financial liabilities
Loans and borrowings
2,346,175 2,645,691 314,348 1,745,405 585,938
Collateral loan
366,024 308,850
4,800 304,050
–
Trade and other payables
(1)
151,730 151,730 149,555
2,175
–
Security deposits
103,647 110,767
30,188
69,204
11,375
2,967,576 3,217,038 498,891 2,120,834 597,313
Derivative financial liabilities
Interest rate swaps designated as cash flow
hedges (net-settled)
2,585
2,710
1,625
1,085
–
Interest rate swaps (net-settled)
11,489
13,061
4,848
5,089
3,124
Cross currency swaps (net-settled)
74,701
82,591
5,744
55,333
21,514
88,775
98,362
12,217
61,507
24,638
3,056,351 3,315,400 511,108 2,182,341 621,951
(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 affect the
Group’s income and its holdings of financial instruments. The objective of market risk management is to manage and
control market risk exposures within acceptable parameters.
.200
A-REIT ANNUAL REPORT
2015/2016
