Page 84 - Sundance Resources 2014 Annual Report

82 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
NOTE 11. FINANCIAL RISK MANAGEMENT (continued)
Liquidity risk
The Group manages liquidity risk by maintaining adequate reserves through the monitoring of forecast and actual cash
flows and matching the maturity profiles of financial assets and liabilities.
Liquidity and interest rate risk tables
The tables below have been drawn up based on the undiscounted cash flows (including both interest and principal cash
flows expected) using contractual maturities of financial assets and the earliest date on which the Group and the Company
can be required to pay financial liabilities. Amounts for financial assets include interest earned on those assets except where
it is anticipated the cash flow will occur in a different period. In addition to the below cash flows, please refer to Note 15
Expenditure Commitments.
2014
Weighted
average
effective
interest rate
Less than 1
month
$
1 to 3
months
$
3 to 12 months
$
Greater than 12
months
$
Total
$
Financial assets
Variable interest rate 2.50% 3,377,685 - - - 3,377,685
Fixed interest rate 3.53% 6,000,000 5,000,000 - - 11,000,000
9,377,685 5,000,000 - - 14,377,685
Financial liabilities
Trade Payables 0% 2,521,952 - - - 2,521,952
Derivative Liability - - 90,000 4,139,590 4,229,590
Debt Liability 36.37% - - 6,910,000 40,860,410 47,770,410
2,521,952 - 7,000,000 45,000,000 54,521,952
2013
Financial assets
Variable interest rate 2.95% 7,629,458 - - - 7,629,458
Fixed interest rate 3.22% 12,000,000 - - - 12,000,000
19,629,458 - - - 19,629,458
Financial liabilities
Trade Payables 0% 6,538,735 - - - 6,538,735
Derivative Liability - - 85,000 - 85,000
Debt Liability 0% - - 4,915,000 - 4,915,000
6,538,735 - 5,000,000 - 11,538,735
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014