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Food Empire Holdings Limited Annual Report 2013
153
38. Financial risk management objectives and policies (cont’d)
(c) Interest rate risk (cont’d)
The following tables set out the carrying amount, by maturity, of the Group’s and the Company’s financial instruments that are exposed
to interest rate risk:
Within
1 – 2
2 – 3
3 – 4
4 – 5 More than
2013
1 year
years
years
years
years
5 years
Total
Group
US$’000
US$’000
US$’000
US$’000
US$’000
US$’000
US$’000
Fixed rate
Other receivables
556
–
–
–
–
–
556
Floating rate
Cash and bank balances
27,664
–
–
–
–
–
27,664
Finance lease creditors
19
33
–
–
–
–
52
Interest-bearing loans and
borrowings
3,885
6,704
6,704
6,704
3,270
4,961
32,228
Company
Floating rate
Cash and bank balances
37
–
–
–
–
–
37
2012
Group
Fixed rate
Other receivables
378
–
–
–
–
–
378
Derivatives
178
–
–
–
–
–
178
Floating rate
Cash and bank balances
46,596
–
–
–
–
–
46,596
Amount due from an
associate
–
2,600
–
–
–
–
2,600
Finance lease creditor
10
37
–
–
–
–
47
Interest-bearing loans and
borrowings
1,122
1,122
1,122
1,122
1,122
7,280
12,890
Company
Floating rate
Cash and bank balances
418
–
–
–
–
–
418
notes to the financial statements
For the year ended 31 December 2013