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SEE HUP SENG LIMITED
Annual Report 2012
89
Notes to the Financial Statements
31 DECEMBER 2012
36 Financial Instruments (Continued)
(a) Financial Risk Management Objectives and Policies (Continued)
(iii) Liquidity risk
The Group currently obtains funding mainly from accounts receivable financing, letters of credit,
trust receipts and overdraft facilities and term loan facilities from banks.
The table below analyses the maturity profile of the Group’s and Company’s financial liabilities
based on contractual undiscounted cash flow:
Carrying
amount
Less
than
1 year
Between
1 and 2
years
Between
2 and
5 years
Over
5 years Total
S$’000 S$’000 S$’000 S$’000 S$’000 S$’000
Group
At 31 December 2012
Liabilities
Trade and other
payables 22,809 22,809 – – – 22,809
Finance lease 832 349 517 – – 866
Term loans 586 586 – – – 586
Others amount
due to bankers 62,555 62,555 – – – 62,555
86,782 86,299 517 – – 86,816
At 31 December 2011
Liabilities
Trade and other
payables 18,377 18,377 – – – 18,377
Finance lease 556 244 351 – – 595
Term loans 2,481 1,652 932 – – 2,584
Others amount
due to bankers 57,812 57,812 – – – 57,812
79,226 78,085 1,283 – – 79,368