/ 1 5 5
NOTES TO THE FINANCIAL STATEMENTS
C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
25.
Financial instruments (Cont’d)
Interest rate risk (Cont’d)
(a)
Effective interest rates and repricing analysis (Cont’d)
Trust
Effective
interest rate
Floating
interest
Fixed interest
rate maturing
within
1 to 5 years
Fixed interest
rate maturing
more than
5 years
Total
% $’000
$’000
$’000
$’000
2015
Financial liabilities
Interest-bearing borrowings
– S$ variable rate
2.58 100,000
–
–
100,000
– S$ fixed rate
3.60
–
100,000
–
100,000
– S$ variable rate
2.82
13,500
–
–
13,500
Loans from a subsidiary
– S$ fixed rate loan
4.10
–
30,000
–
30,000
– S$ fixed rate loan
3.50
–
155,000
–
155,000
– S$ fixed rate loan
3.95
–
130,000
–
130,000
113,500
415,000
–
528,500
Financial assets
Derivative financial
instruments
0.88
–
604
–
604
2014
Financial liabilities
Interest-bearing borrowings
– S$ variable rate
2.67 200,000
–
–
200,000
– S$ variable rate
2.00 100,000
–
–
100,000
Loans from a subsidiary
– S$ fixed rate loan
4.75
–
50,000
–
50,000
– S$ fixed rate loan
4.10
–
–
30,000
30,000
– S$ fixed rate loan
3.50
–
100,000
–
100,000
300,000
150,000
30,000 480,000
Financial assets
Derivative financial
instruments
0.73
–
287
–
287
(b)
Sensitivity analysis
Inmanaging the interest rate risk, the Group aims to reduce the impact of short term fluctuations on its earnings.
Fair value sensitivity analysis for fixed rate instruments
The Group does not account for any fixed rate financial assets and liabilities at fair value through profit or
loss. Therefore, a change in interest rates at the reporting date would not affect profit or loss.
