Treasury’s approach to managing liquidity is to ensure it will always have sufficient liquidity to meet its liabilities when they fall due. The following tables detail the Treasury’s remaining contractual maturity for its financial assets and liabilities. It should be that these values are undiscounted, and consequently totals may not reconcile to the carrying amounts presented in the Balance Sheet. 2015 Maturity Analysis for Financial Assets and Liabilities Variable Interest Rate Interest Rate Less More More Non than a 1 to 5 than 5 Less than 1 to 5 than 5 Interest Weighted Year Years a Year Years Years Bearing Total Average $000 $000 $000 $000 $000 $000 $000 $000 % Assets Cash and deposits 19 024 19 024 Receivables 75 75 Total financial assets 19 099 19 099 Liabilities Payables 1 667 1 667 Total financial 1 667 1 667 liabilities 2014 Maturity Analysis for Financial Assets and Liabilities Variable Interest Rate Fixed Interest Rate Less More More than a 1 to 5 than 5 Less than 1 to 5 than 5 Weighted Year Years a Year Years Bearing Total Average $000 $000 $000 $000 $000 $000 $000 $000 % Assets Cash and deposits 11 491 11 491 Receivables 38 38 Total financial assets 11 529 11 529 Liabilities Deposits held Payables 1 225 1 225 financial 1 225 1 225 liabilities Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. The primary market risk that an agency is likely to be exposed to is interest rate risk. (i) Interest Rate Risk Treasury has limited exposure to interest rate risk as agency financial assets and financial liabilities are noninterest bearing.
Treasury’s approach to managing liquidity is to ensure it will always have sufficient liquidity to meet its liabilities when they fall due. The following tables detail the Treasury’s remaining contractual maturity for its financial assets and liabilities. It should be that these values are undiscounted, and consequently totals may not reconcile to the carrying amounts presented in the Balance Sheet. 2015 Maturity Analysis for Financial Assets and Liabilities Variable Interest Rate Interest Rate Less than a Year 1 to 5 Years More than 5 Less than a Year 1 to 5 Years More than 5 Years Non Interest Bearing Total Weighted Average $000 $000 $000 $000 $000 $000 $000 $000 % Assets Cash and deposits 19 024 19 024 Receivables 75 75 Total financial assets 19 099 19 099 Liabilities Payables 1 667 1 667 Total financial liabilities 1 667 1 667 2014 Maturity Analysis for Financial Assets and Liabilities Variable Interest Rate Fixed Interest Rate Less than a Year 1 to 5 Years More than 5 Less than a Year 1 to 5 Years More than 5 Bearing Total Weighted Average $000 $000 $000 $000 $000 $000 $000 $000 % Assets Cash and deposits 11 491 11 491 Receivables 38 38 Total financial assets 11 529 11 529 Liabilities Deposits held Payables 1 225 1 225 financial liabilities 1 225 1 225 Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. It comprises interest rate risk, price risk and currency risk. The primary market risk that an agency is likely to be exposed to is interest rate risk. (i) Interest Rate Risk Treasury has limited exposure to interest rate risk as agency financial assets and financial liabilities are noninterest bearing.
AR-DTF-1415.docx