2017 WEL Networks
|
Annual Report
62
WEL NETWORKS LIMITED
Notes to the financial statements
For the year-ended 31 March 2017
(continued)
24 FINANCIAL RISK MANAGEMENT
(continued)
Interest rate risk +/-1%
31 March 2017
Carrying amount
$’000
Profit
$’000
Equity
$’000
Financial Assets
Cash and cash equivalents
5,612
56
-
Trade and other receivables (excluding prepayments)
18,675
-
-
Derivative financial instruments
892
-
-
Financial liabilities
Trade payables
10,787
1
-
Interest bearing liabilities
381,707
1,817
-
Derivative financial instruments
5,457
-
-
Loan from non-controlling interest
63,336
633
-
Customer discount payable
17,391
-
-
Total increase/ (decrease)
2,507
-
31 March 2016
Financial assets
Cash and cash equivalents
4,049
40
-
Trade and other receivables (excluding prepayments)
23,249
-
-
Financial liabilities
Trade payables
37,378
1
-
Interest bearing liabilities
199,859
698
-
Derivative financial instruments
7,972
-
-
Loan from non-controlling interest
30,455
403
-
Customer discount payable
18,836
-
-
Total increase/ (decrease)
1,142
-
