NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C14 Financial risk management objectives and policies (continued) Liquidity risk (continued) The table below analyses the maturity profile of the Group’s financial liabilities based on the contractual undiscounted cash flows including estimated interest payments and excluding impact of netting arrangements. Group Contractual cash flow $’000 Within 1 year $’000 Between 1 and 5 years $’000 More than 5 years $’000 2022 Bank loans (976,908) (586,721) (244,622) (145,565) Commercial papers (2,702,583) (2,702,583) – – Medium term notes (2,584,992) (52,394) (2,084,571) (448,027) Lease liabilities (679,142) (72,789) (223,322) (383,031) Trade and other payables (2,941,097) (2,868,385) (25,297) (47,415) Derivative financial instruments: • Gross-settled forward currency contracts - payments (1,978,722) (1,338,221) (640,501) – - receipts 1,970,734 1,327,566 643,168 – • Net-settled interest rate swaps 5,657 5,579 (104) 182 Financial guarantees (9,480) (3,210) (6,270) – 2021 Bank loans (214,359) (144,451) (42,039) (27,869) Commercial papers (351,416) (351,416) – – Medium term notes (1,064,274) (15,206) (1,049,068) – Lease liabilities (702,271) (69,088) (205,184) (427,999) Trade and other payables (2,703,778) (2,640,296) (26,248) (37,234) Derivative financial instruments: • Gross-settled forward currency contracts - payments (1,646,898) (1,120,991) (525,907) – - receipts 1,637,833 1,127,732 510,101 – • Net-settled interest rate swaps (5,835) (3,732) (2,103) – • Treasury lock 216 216 – – Financial guarantees (12,656) (1,661) (10,995) – Except for the cash flows arising from the intra-group financial guarantee, it is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. At the reporting date, the Group does not consider it probable that a claim will be made against the Group under the financial guarantees. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 191
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