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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
226
Tiger Brands Limited Integrated Annual Report
2014
37 Financial instruments
continued
37.4
Liquidity risk management
continued
Contractual maturity for non-derivative financial liabilities
The following table details the group and company’s remaining contractual maturity for non-derivative
financial liabilities.
The table has been drawn up based on the undiscounted cash flows of financial liabilities based on the
earliest date on which the group and company will be required to pay. The table includes both interest
and principal cash flows. The “finance charge” column represents the possible future cash flows
attributable to the instrument included in the maturity analysis, which are not included in the carrying
amount of the financial liability.
(R’million)
Carrying
amount
Finance
charge
0 – 6
months
7 – 12
months
1 – 5
years > 5 years
GROUP
2014
Trade and other payables
2 356,9
– 2 349,7
7,2
–
–
Borrowings (long and short term)**
1 563,9
(258,4)
863,0
375,2 583,2
0,8
Guarantees and future
commitments not on the statement
of financial position
–
– 411,5
8,2
–
–
Total
3 920,8 (258,4) 3 624,2
390,6 583,2
0,8
2013 (restated)*
Trade and other payables
2 131,8
– 2 061,4
70,4
–
–
Borrowings (long and short term)** 2 376,1 (271,8)
660,4
512,4 1 473,6 1,4
Guarantees not on the statement
of financial position
–
–
78,8
–
–
–
Total
4 507,9 (271,8) 2 800,6 582,8 1 473,6 1,4
COMPANY
2014
Borrowings (long and short term)
169,3
(35,4)
–
51,2 153,5
–
Intergroup loan accounts
490,1
(177,7)
–
– 667,8
–
Guarantees not on the statement
of financial position
–
–
55,0
–
–
–
Total
659,4
(213,1)
55,0
51,2 821,3
–
2013
Borrowings (long and short term)
193,6
–
–
33,0 160,6
–
Intergroup loan accounts
459,8
–
–
– 459,8
–
Guarantees not on the statement
of financial position
–
– 63,0
–
–
–
Total
653,4
– 63,0
33,0
620,4
–
*
The amounts have been restated due to the adoption of IAS 19R.
** Excludes bank overdrafts of R3 086,2 million (2013: R2 726,8 million) and cash of R1 160,3 million (2013: R632,9 million).
These are repayable on demand and subject to annual review.
Refer to note 33.3 and 33.4 for disclosure relating to operating and finance lease commitments.