Page 131

- 86Notes -

AFS Investments Unquoted Clubs’ preferred shares Ordinary shares - quoted

Loans and Receivables Cash and cash equivalents Trade and other receivables Advances to associates and related parties Restricted cash Noncurrent portion of trade receivables from sale of club shares and real estate Refundable deposits AFS Investments Unquoted Clubs’ preferred shares Ordinary shares - quoted

Neither Past Due Total nor Impaired P = 30,084,533,915 P = 30,084,533,915 17,500,000 17,500,000 30,102,033,915 30,102,033,915 = 33,319,943,119 P P = 33,311,898,048

Neither Past Due Total nor Impaired

to Consolidated Financial Statements

2013 Past Due but not Impaired 1–30 31–60 61–90 Days Days Days =– P – – = 561,797 P

1–30 Days

More than 90 Days

Past Due And Impaired

=– P – – = 213,332 P

=– P – – = 1,007,569 P

=– P – – = 5,852,085 P

2012 Past Due but not Impaired 31–60 61–90 Days Days

More than 90 Days

Past Due And Impaired

=– P – – = 410,288 P

P =404,204,274 170,937,969

P =404,204,274 153,521,436

=– P 2,139,908

=– P 1,251,904

=– P 839,705

=– P 7,332,931

=– P 5,852,085

152,369,130 630,927,266

152,369,130 630,927,266

– –

– –

– –

– –

– –

62,970,667 11,384,288 1,432,793,594

62,970,667 11,384,288 1,415,377,061

– – 2,139,908

– – 1,251,904

– – 839,705

– – 7,332,931

– – 5,852,085

24,564,364,390 24,564,364,390 18,000,000 18,000,000 24,582,364,390 24,582,364,390 P =26,015,157,984 P =25,997,741,451

– – – P =2,139,908

– – – P =1,251,904

– – – P =839,705

– – – P =7,332,931

– – – P =5,852,085

Interest Rate Risk Interest rate risk arises from the possibility that changes in interest rates will affect future cash flows or the fair values of financial instruments. The Group’s exposure to interest rate risk relates primarily to its financial instruments with floating interest and/or fixed interest rates. Fixed rate financial instruments are subject to fair value interest rate risk while floating rate financial instruments are subject to cash flow interest rate risk. Re-pricing of floating rate financial instruments is done every three to six months. Interest on fixed rate financial instruments is fixed until maturity of the instrument. The details of financial instruments that are exposed to interest rate risk are disclosed in Notes 16 and 17. The Group’s exposure to the risk of changes in market interest rates relates primarily to the Group’s long-term debt subject to floating interest rates as discussed in Note 17. The other financial instruments of the Group are noninterest-bearing and, therefore, not subject to interest rate risk. The following table demonstrates the sensitivity of the Group’s profit before tax due to a reasonably possible change in interest rates in the next reporting period with all other variables held constant. There is no other impact on the Group’s equity other than those already affecting profit and loss.

2013 2012

Increase/Decrease in Interest Rate +1.0% –1.0% +1.0% –1.0%

Effect on Income before Tax P =74,705,376 (74,705,376) (43,789,731) 43,789,731 131

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Alphaland Annual Report 2013  

Alphaland Annual Report 2013  

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