2017 WEL Networks
|
Annual Report
64
31 March 2017
Less than
one year
$’000
Between 1
and 2 years
$’000
Between 2
and 3 years
$’000
Between 3
and 5 years
$’000
Total fair
value
contractual
cash flows
$’000
Carrying
amount
liabilities
$’000
Non-derivatives
Interest bearing liabilities
16,739
15,726
83,939
301,565
417,969
381,707
Trade and other payables
10,787
-
-
-
10,787
10,787
Customer discount payable
17,391
-
-
-
17,391
17,391
Loan from non-controlling interest
63,336
-
-
-
63,336
63,336
Total non-derivatives
108,253
15,726
83,939
301,565
509,483
473,221
Derivatives
Interest rate swaps
– Inflow
(8,620)
(8,354)
(7,329)
(11,554)
(35,857)
-
– Outflow
8,803
8,593
7,784
12,589
37,769
4,565
Total derivatives
183
239
455
1,035
1,912
4,565
31 March 2016
Non-derivatives
Interest bearing liabilities
9,896
9,896
9,896
220,392
250,080
199,859
Trade and other payables
37,378
-
-
-
37,378
37,378
Customer discount payable
18,836
-
-
-
18,836
18,836
Loan from non-controlling interest
30,455
-
-
-
30,455
30,455
Total non-derivatives
96,565
9,896
9,896
220,392
336,749
286,528
Derivatives
Interest rate swaps
– Inflow
(6,318)
(6,318)
(6,318)
(6,318)
(25,272)
-
– Outflow
6,354
6,354
6,354
6,354
25,416
7,972
Total derivatives
36
36
36
36
144
7,972
WEL NETWORKS LIMITED
Notes to the financial statements
For the year-ended 31 March 2017
(continued)
24 FINANCIAL RISK MANAGEMENT
(continued)
