NOTES
TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
(In Singapore dollars)
127
MTQ CORPORATION LIMITED
32. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D)
(d)
Interest rate risk (cont’d)
Sensitivity analysis for interest rate risk
The following table demonstrates the sensitivity of the Group’s profit before tax to a reasonably possible
change in the interest rates, with all other variables held constant:
Effect on Group’s profit
before tax
2016
$’000
2015
$’000
50 basis points increase (2015: 50 basis points increase)
(218)
(298)
50 basis points decrease (2015: 50 basis points decrease)
218
298
Information relating to the Group’s interest rate exposure is also disclosed in the notes on the Group’s cash
and cash equivalents, bank borrowings and finance lease payable where applicable. The assumed movement
in basis points for interest rate sensitivity analysis is based on the currently observable market environment.
33. FINANCIAL INSTRUMENTS
Classification of financial instruments
Note
Loans and
receivables
$’000
Financial
liabilities at
amortised cost
$’000
Total
$’000
Group
2016
Assets
Receivables
15
2,175
–
2,175
Trade and other receivables
17
52,883
–
52,883
Cash and cash equivalents
18
24,967
–
24,967
Total financial assets
80,025
–
80,025
Total non-financial assets
118,067
Total assets
198,092
Liabilities
Trade and other payables
19
–
(32,275)
(32,275)
Finance lease payable
20
–
(514)
(514)
Bank borrowings
21
–
(43,573)
(43,573)
Total financial liabilities
–
(76,362)
(76,362)
Total non-financial liabilities
(8,356)
Total liabilities
(84,718)
