Bradken Limited Annual Report 2015 - page 79

BRADKEN LIMITED ANNUAL REPORT 2015 l 44
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
30 June 2015
(continued)
3 Financial risk management (continued)
(iv)
Summarised sensitivity analysis
2015
Carrying
amount
Profit
Equity Profit
Equity Profit
Equity Profit
Equity
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
Cash and cash equivalents
278,408 (2,784) (2,784) 2,784 2,784 8,833 8,833 (8,833) (8,833)
Accounts receivable
151,837 - - - - 11,089 11,089 (11,089) (11,089)
Receivables under finance leases
5,066 - - - - - - - -
Derivatives - cashflow hedges
1,332 - (4,542) - 4,271 - 1,194 - (1,194)
Financial liabilities
Derivatives - cashflow hedges
(1,356) - (10) - 10 - - - -
Derivative - Redeemable preference shares (4,200) 300 - (300) - - - - -
Trade payables
(96,557) - - - - (6,330) (6,330) 6,330 6,330
Borrowings
(625,556) 5,619 5,619 (5,619) (5,619) (29,964) (29,964) 29,964 29,964
Redeemable preference shares
(63,700) 637 637 (637) (637) - - - -
Total increase/(decrease)
3,772 (1,080) (3,772) 809 (16,372) (15,178) 16,372 15,178
2014
Carrying
amount
Profit
Equity Profit
Equity Profit
Equity Profit
Equity
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
Cash and cash equivalents
144,479 (1,444) (1,444) 1,444 1,444 7,740 7,740 (7,740) (7,740)
Accounts receivable
125,428 - - - - 8,963 8,963 (8,963) (8,963)
Receivables under finance leases
5,311 - - - - - - - -
Derivatives - cashflow hedges
- - - - - - - - -
Financial liabilities
Derivatives - cashflow hedges
(2,809) - (22) - 22 - 2,785 - (2,785)
Trade payables
(112,339) - - - - (7,941) (7,941) 7,941 7,941
Borrowings
(521,653) 5,217 5,217 (5,217) (5,217) (32,644) (32,644) 32,644 32,644
Total increase/(decrease)
3,773 3,751 (3,773) (3,751) (23,882) (21,097) 23,882 21,097
(d) Fair value measurements
(a)
(b)
(c )
The following table summarises the pre-tax sensitivity of the Group's financial assets and financial liabilities to interest rate risk
and foreign exchange risk. These sensitivities are prior to the offsetting impact of hedging instruments.
+10%
Financial risk exposure of the parent entity is limited to the exposure of the Group.
The fair value of financial assets and financial liabilities must be estimated for recognition and measurement or for disclosure
purposes.
inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3).
quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1)
inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices)
or indirectly (derived from prices) (level 2), and
AASB 7
Financial Instruments: Disclosures
requires disclosure of fair value measurement by level of the following fair value
measurement hierarchy:
Interest rate risk
Foreign exchange risk
-100 bps
+100 bps
-10%
+10%
Interest rate risk
Foreign exchange risk
-100 bps
+100 bps
-10%
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