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39 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) Within 1 month $’000

2009 3 to 12 months $’000

1 to 3 months $’000

1 to 5 years $’000

Non-interest bearing $’000

-

-

402,424

402,424

Total $’000

Financial assets Receivables Due from related parties Cash and bank

-

1,345,183

-

-

419,761 10,955

419,761 1,356,138

Total

-

1,345,183

-

-

833,140

2,178,323

-

Financial liabilities Accounts payable Short-term loan Due to related parties Due to regional companies

-

-

-

641,657

-

817,773 -

817,773 641,657

-

-

-

-

424,265

424,265

-

-

-

-

15,698

15,698

Total

-

-

641,657

-

1,257,736

1,899,393

Interest sensitivity gap

-

1,345,183

(641,657)

-

( 424,596)

Cumulative interest sensitivity gap

-

1,345,183

703,526

703,526

278,930

278,930

-

Average effective yields by the earlier of the contractual repricing or maturity dates: Immediately rate sensitive % Cash and cash equivalents Long-term loan

Immediately rate sensitive %

Cash and cash equivalents Short-term loan

-

Within 3 months % 8 Within 3 months % 9.94 -

2010 3 to 12 months % 2009 3 to 12 months % 7.75

1 to 5 years % 7.75 1 to 5 years % -

Average % 8 7.75

Average % 9.94 7.75

Annreport09 10  
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