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## Notes to the financial statements (cont ’d) For the year ended 30 June 2012 

## Maturities of financial liabilities 

The tables below analyse the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the balance date to the contractual maturity date. The amounts disclosed therein are the contractual undiscounted cash flows. 

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(i) The Group is required to buy back vested shares held by executives of certain subsidiaries in the event of the death of those serving executives. Hence the probability of the total liability becoming payable in any individual financial year is very low. In addition, there are provisions that enable executives to put back their shares to the Group, but the maximum the Group is obliged to purchase in any individual financial year is capped at a small proportion of the class of shares of the relevant subsidiary. No contractual obligation exists in respect of these put options until a notice is received from an executive. Due to the resignation of an executive the Group has commenced the process to buy back 154 shares in Perennial Real Estate Investments Pty Ltd. At the date of signing this report, the transaction process has commenced but has not been settled. 

