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SEE HUP SENG LIMITED
Annual Report 2012
86
Notes to the Financial Statements
31 DECEMBER 2012
36 Financial Instruments (Continued)
(a) Financial Risk Management Objectives and Policies (Continued)
(i) Interest rate risk (Continued)
Fixed Rates Variable Rates
Non-
Interest
bearing Total
Less than
1 year
1 to
5 years
Less than
1 year
1 to
5 years
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
At 31 December 2012
Assets
Cash and cash equivalents 3,164 – – – 31,451 34,615
Trade and other receivables – – – – 50,324 50,324
Loan to receivable from
an associated company – 15,000 – – – 15,000
Other financial assets – – – – 7,624 7,624
Total Assets 3,164 15,000 – – 89,399 107,563
Liabilities
Trade and other payables – – – – 22,809 22,809
Term loans – – 586 – – 586
Other amounts due to
bankers – – 62,555 – – 62,555
Finance lease 349 483 – – – 832
Total Liabilities 349 483 63,141 – 22,809 86,782
At 31 December 2011
Assets
Cash and cash equivalents 10,795 – – – 31,594 42,389
Trade and other
receivables – – – – 52,107 52,107
Other financial assets – – – – 317 317
Total Assets 10,795 – – – 84,018 94,813
Liabilities
Trade and other payables – – – – 18,377 18,377
Term loans – – 1,652 829 – 2,481
Other amounts due to
bankers – – 57,812 – – 57,812
Finance lease 244 312 – – – 556
Total Liabilities 244 312 59,464 829 18,377 79,226