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2 4 F i n a n c i a l r i s k m a n a g e m e n t ( c on t i n u e d )
The table below analyses the Group’s financial liabilities that will be settled based on the remaining period at balance date to the
contractual maturity date. The amounts disclosed are the contractual undiscounted cash flows.
Maturities of financial liabilities
The tables below analyse the Group financial liabilities, net settled derivative financial instruments into relevant maturity
groupings based on the remaining period at the reporting date to the contractual maturity date. The amounts disclosed in the
table are the contractual undiscounted cash flows.
Consolidated – At 31 March 2015
Notes
Less than
1 year
$’000
Between 1
and 2 years
$’000
Between 2
and 5 years
$’000
Over 5
years
$’000
Total
contractual
cash flows
$’000
Carrying
Amount
liabilities
$’000
Non-derivatives
Trade and other payables
20
10,594
-
-
-
10,594
10,594
Borrowings
22
17,005
12,393
294,702
-
324,100
268,133
Total non-derivatives
27,599
12,393
294,702
-
334,694
278,727
Derivatives
Derivative financial instrument (outflows)
2,362
1,857
3,355
341
7,915
7,686
Total derivatives
23
2,362
1,857
3,355
341
7,915
7,686
Consolidated – At 31 March 2014
Notes
Less than
1 year
$’000
Between 1
and 2 years
$’000
Between 2
and 5 years
$’000
Over 5
years
$’000
Total
contractual
cash flows
$’000
Carrying
Amount
liabilities
$’000
Non-derivatives
Trade and other payables
20
22,763
-
-
-
22,763
22,763
Borrowings
22
8,678
58,554
172,810
-
240,042
211,755
Total non-derivatives
31,441
58,554
172,810
-
262,805
234,518
Derivatives
Derivative financial instrument (outflows)
2,012
2,052
2,474
390
6,928
5,048
Total derivatives
23 2,012
2,052
2,474
390
6,928
5,048
(d) Fair value estimation
The fair value of financial instruments traded in active markets is based on quoted market prices at balance date. The quoted
market price used for financial assets held by the Group is the current bid price, with the exception of investment in subsidiaries
and joint ventures.
Investment in subsidiaries and joint ventures do not have a quoted market price in an active market and the fair value cannot be
reliably measured.
The carrying value less impairment provision of trade receivables and payables are assumed to approximate their fair values due
to their short term nature. The fair value of financial liabilities for disclosure purposes is estimated by discounting the future
contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments.
There are no financial liabilities with a carrying value different to their fair value.
waikato raupatu lands trust
notes to the financial statements
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 5
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