NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
35. Financial risk management objectives and policies (cont’d)
(e) Liquidity risk (cont’d)
Analysis of financial instruments by remaining contractual maturities (cont’d)
The table below shows the contractual expiry by maturity of the Company’s contingent liabilities. The maximum amount
of the financial guarantee contracts are allocated to the earliest period in which the guarantees could be called.
36. Fair value of assets and liabilities
(a) Fair value hierarchy
The Group categorises fair value measurement using a fair value hierarchy that is dependent on the valuation inputs used
as follows:
-
Level 1 – Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access
at the measurement date;
-
Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly or indirectly, and
-
Level 3 – Unobservable inputs for the asset or liability.
Fair value measurements that use inputs of different hierarchy levels are categorised in its entirety in the same level of
the fair value hierarchy as the lowest level input that is significant to the entire measurement.
2014
2013
One year
or less
One year
or less
Company
S$’000
S$’000
Financial assets:
Other receivables
41,108
10,219
Cash and short term deposits
25,491
24,824
Total undiscounted financial assets
66,599
35,043
Financial liabilities:
Trade and other payables (exclude GST payable)
(4,302)
(584)
Total undiscounted financial liabilities
(4,302)
(584)
Total net undiscounted financial assets
62,297
34,459
2014
2013
One year or
less
One to five
years
Total
One year or
less
One to five
years
Total
Company
S$’000
S$’000
S$’000
S$’000
S$’000
S$’000
Financial guarantees
4,992
99,500
104,492
–
128,448
128,448
Hock Lian Seng Holdings Limited
Annual report 2014
91
