WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
110
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
5.
F I NANC I AL I NSTRUMENTS , F I NANC I AL R I SKS AND CAP I TAL
MANAGEMENT
– continued
(b)
Financial risk management policies and objectives
– continued
(iv) Liquidity risk management
– continued
Liquidity and interest risk analyses – continued
Non-derivative financial liabilities
– continued
The table includes both interest and principal cash flows.
On
Weighted
demand
average
or less
6 months
Total
effective
than 3
3 to 6
to
Over undiscounted
Carrying
interest rate
months
months
1 year
1 year
cash flows
amount
% HK$’000
HK$’000
HK$’000
HK$’000
HK$’000
HK$’000
THE GROUP
At March 31, 2016
Trade and bills payables
– non-interest bearing
–
366,062
–
–
–
366,062
366,062
Other payables
– non-interest bearing
–
45,170
–
–
–
45,170
45,170
Trust receipt loans
– variable interest rate
2.36
590,647
–
–
–
590,647
589,485
Bank borrowings
– variable interest rates
2.30
91,105
–
–
–
91,105
90,768
– fixed interest rate
2.91
161,652
–
–
–
161,652
160,000
1,254,636
–
–
–
1,254,636
1,251,485
At March 31, 2015
Trade and bills payables
– non-interest bearing
–
347,440
–
–
–
347,440
347,440
Other payables
– non-interest bearing
–
2,296
–
–
–
2,296
2,296
Financial guarantee contract
–
131,393
–
–
–
131,393
730
Trust receipt loans
– variable interest rate
2.28
507,852
–
–
–
507,852
506,466
Bank borrowings
– variable interest rates
2.43
113,165
–
–
–
113,165
112,610
– fixed interest rate
3.08
77,980
–
–
–
77,980
77,000
1,180,126
–
–
–
1,180,126
1,046,542
