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DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
102
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2016
31.
FINANCIAL RISK MANAGEMENT
(CONT’D)
(b) Credit risk (Cont’d)
(ii) Financial assets that are past due and/or impaired
(Cont’d)
The age analysis of trade receivables past due but not impaired is as follows:
Group
2016
2015
$’000
$’000
Past due up to 3 months
17,592
10,680
Past due 3 to 6 months
7,041
5,791
Past due over 6 months
6,650
8,485
31,283
24,956
The Company is not exposed to significant credit risk as there are no trade receivables due to
the Company at the balance sheet date.
(c) Liquidity risk
The Group and the Company manages its liquidity risk by maintaining sufficient cash and bank balances
to enable them to meet their normal operating commitments.
The table below analyses non-derivative financial liabilities of the Group and the Company into relevant
maturity groupings based on the remaining period from the balance sheet date to the contractual
maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.
Balances due within 12 months equal their carrying amounts at balance sheet date as the impact of
discounting is not significant.
Less than
1 year
Between
1 and 5
years
$’000
$’000
Group
2016
Trade and other payables*
57,355
–
Bank borrowings
35,000
–
Finance lease liabilities
48
101
92,403
101
2015
Trade and other payables*
100,401
–
Bank borrowings
34,400
–
Unsecured unquoted fixed rate notes
–
53,214
Finance lease liabilities
48
149
134,849
53,363
*
Excludes advances received on construction contracts