125 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
123
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
3.
FINANCIAL RISKS continued
Liquidity risk continued
The facility bears certain debt covenants. The Group has not been in breach in respect of these
covenants. The Group has pledged certain securities in respect of this facility. Refer to notes 9,
11 and 12.
The Company and a subsidiary company issued a cross surety in respect of an overdraft facility in the
amount of R19.85 million (2014: R19.85 million) in favour of FNB, a division of First National Bank
Limited (FNB). This facility was unutilised as at 31 May 2015. In addition, the Company and four of its
subsidiaries issued a cross surety in the amount of R1.3 million in respect of credit card facilities
granted by FNB.
The table below analyses the Group’s non-derivative financial liabilities into relevant maturity
groupings based on the remaining period at the statement of financial position date to the contractual
maturity date.
The amounts disclosed in the table are the contractual undiscounted cash flows.
Maturity of financial liabilities
2015
Non-interest-bearing
borrowings
16 087
— — — —
Trade and other payables*
1 947 194 904 244 89 650 73 133
—
Total
1 963 281 904 244 89 650 73 133
—
2014
Non-interest-bearing
borrowings
12 437
— — — —
Interest-bearing borrowings
2 653
— — — —
Trade and other payables* 1 580 441 1 258 679 46 408
4 482
—
Total
1 595 531 1 258 679 46 408
4 482
—
* Trade and other payables exclude non-financial instruments, being VAT and certain amounts included within
accruals and sundry creditors.
Less than
one month
or on
demand
R’000
More than
one month
but not
exceeding
one year
R’000
Payable in:
More than
one year
but not
exceeding
two years
R’000
More than
two years
but not
exceeding
five years
R’000
More than
five years
R’000