Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
95
STAMFORD TYRES CORPORATION LIMITED
BUILDING ON OUR EXTENSIVE NETWORK
35. Financial risk management objectives and policies (cont’d)
(d)
Liquidity risk (cont’d)
1 year
or less
2 to 5
years
Over 5
years
Total
$’000
$’000
$’000
$’000
2014
Company
Financial assets
Other receivables
88
–
–
88
Cash and cash equivalents
1,714
–
–
1,714
Total undiscounted financial assets
1,802
–
–
1,802
Financial liabilities
Other payables
519
–
–
519
Derivatives
79
–
–
79
Total undiscounted financial liabilities
598
–
–
598
Total net undiscounted financial assets
1,204
–
–
1,204
36. Classification of financial instruments
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Loans and receivables
Trade receivables
78,861
74,601
–
–
Other receivables
3,160
4,041
91
88
Cash and cash equivalents
15,850
18,637
357
1,714
Amounts due from subsidiary companies
–
–
15,485
14,510
97,871
97,279
15,933
16,312
Financial liabilities measured at
amortised cost
Trade payables
17,244
22,319
–
–
Trust receipts (secured)
70,641
61,806
–
–
Other payables
18,249
20,752
612
519
Loans (secured)
56,904
52,907
–
–
Hire-purchase liabilities
3,280
1,580
–
–
Amounts due to subsidiary companies
–
–
12,362
5,881
166,318
159,364
12,974
6,400
Fair value through profit or loss
Forward currency contracts
- Derivatives assets
188
–
–
–
- Derivatives liabilities
(51)
(207)
(3)
(79)
Interest rate swap
- Derivatives assets
41
–
–
–
- Derivatives liabilities
(3)
(58)
–
–
