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Unformatted text preview: rily to the Group’s short term debt
obligations with floating interest rates.
The Group’s policy is to manage its interest cost and its ability to service the cost, using a combination of sensitivity
analysis against the underlying cash flows of the revenue generating assets purchased, matching loan terms against
the life of the cash generating assets, the available mix of funding options allowing for floating rate facilities to
average interest rates and the availability of entering into interest rate swaps and similar products if required.
At reporting date the interest rate profile of the Group’s interest-bearing financial instruments was:
Fixed rate instruments
Financial liabilities 10,000
7,608 Variable rate instruments
Financial liabilities 2,500
2,195 Fair value sensitivity analysis for fixed rate instruments
The Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss, and
does not have derivatives (i...
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- Spring '14