NOTES TO THE
FINANCIAL STATEMENTS
Year ended 31 December 2014
6
FINANCIAL DERIVATIVES (CONT’D)
The following
table sets out the carrying amounts of recognised financial instruments that are subject to the
above agreements:
Gross
amounts of
recognised
financial
instruments
Gross amounts
of recognised
financial
instruments
offset in the
Statement
of Financial
Position
Net
amounts of
financial
instruments
included in
the Statement
of Financial
Position
Related
financial
instruments
that are not
offset
Net
amount
$’000
$’000
$’000
$’000
$’000
Group and Trust
31 December 2014
Financial assets
Cross currency interest rate
swap used for hedging
4,511
–
4,511
–
4,511
Forward foreign exchange
contracts
6,402
–
6,402
(195)
6,207
Total
10,913
–
10,913
(195)
10,718
Financial liabilities
Interest rate swaps used for
hedging
(2,629)
–
(2,629)
743
(1,886)
31 December 2013
Financial assets
Forward foreign exchange
contracts
6,277
–
6,277
(554)
5,723
Financial liabilities
Interest rate swaps used for
hedging
(1,725)
–
(1,725)
775
(950)
121
A N N U A L R E P O R T 2 0 1 4
