Page 137 - ar2012

Notes to the Financial Statements
For the fnancial year ended 31 December 2012
35. Financial risk management objectives and policies (cont’d)
(e) Liquidity risk
Liquidity risk is the risk that the Group will encounter diffculty in meeting fnancial obligations due to shortage of funds. The
Group’s exposure to liquidity risk arises primarily from mismatches of maturities in its fnancial assets and liabilities. The Group
manages its liquidity profle to be able to fnance its capital expenditure and service its maturing debts by maintaining suffcient
cash and marketable securities, and the availability of funding through an adequate amount of committed credit facilities.
The Group regularly evaluates its projected and actual cash fow information and continuously assesses conditions in the
fnancial markets for opportunities to pursue fund-raising initiatives. These initiatives may include bank loans and borrowings
and equity market issues.
The table below summarises the maturity profle of the Group’s fnancial assets and liabilities at the end of reporting period
based on contractual undiscounted repayment obligations:
One year
or less
One to
fve years
More than
5 years Total
Rp million Rp million Rp million Rp million
Group
As at 31 December 2012
Financial liabilities:
Non-current interest-bearing loans and
borrowings 86,905 4,275,144 536,630 4,898,679
Other payables (non-current) 14,156 391,181 – 405,337
Trade and other payables and accruals 1,605,682 – – 1,605,682
Current interest-bearing loans and borrowings 3,005,874 – – 3,005,874
Total undiscounted fnancial liabilities 4,712,617 4,666,325 536,630 9,915,572
As at 31 December 2011
Financial liabilities:
Non-current interest-bearing loans and
borrowings 86,699 4,161,024 548,463 4,796,186
Other payables (non-current) 14,538 319,059 – 333,597
Trade and other payables and accruals 1,237,955 – – 1,237,955
Current interest-bearing loans and borrowings 3,738,330 – – 3,738,330
Total undiscounted fnancial liabilities 5,077,522 4,480,083 548,463 10,106,068
Undiscounted loans and borrowings with foating rates had been determined with reference to the applicable rates as at
balance sheet dates.
Indofood Agri Resources Ltd. • Annual Report 2012 135