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38 URBAN DEVELOPMENT CORPORATION Notes to the Non-Consolidated Financial Statements (Continued) Year ended March 31, 2010

26.

Financial instruments (cont’d) (a)

Financial risk management (cont’d): (ii)

Market risk (cont’d):

! Interest rate risk (cont’d): Management of interest rate risk (cont’d) The corporation’s exposure to interest rates on financial assets and financial liabilities are detailed in the liquidity risk management section of this note. Within 1 month $’000

1 to 3 months $’000

2010 3 to 12 months $’000

1 to 5 years $’000

Non-interest bearing $’000

Total $’000

Financial assets Receivables Due from related parties Cash and bank

-

-

-

-

203,258

203,258

-

709,844

-

-

332,447 8,174

332,447 718,018

Total

-

709,844

-

-

543,879

1,253,723

1 to 5 years $’000

Non-interest bearing $’000

Total $’000

Within 1 month $’000 Financial liabilities Accounts payable Long-term loan Due to related parties Due to regional companies

1 to 3 months $’000

2010 3 to 12 months $’000

-

-

-

874,637

553,884 -

553,884 874,637

-

-

-

-

426,192

426,192

-

-

-

-

37,395

37,395

Total

-

-

-

874,637

1,017,471

1,892,108

Interest sensitivity gap

-

709,844

-

Cumulative interest sensitivity gap

-

709,844

709,844

(874,637) ( 473,592) ( 638,385)

(164,793) ( 638,385)

-

Annreport09 10  
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