Annual Report Uniphar_Accounts_2016 | Page 90

Notes to the Financial Statements Notes to the Financial Statements continued continued 32 Financial instruments - continued 32 Financial instruments - continued Cash and cash equivalents The Group’s exposure to credit risk relating to cash and short term deposits is managed by investing funds with a number of different financial institutions with strong credit ratings. The level of deposits with each financial institution and the credit ratings of financial institutions are regularly reviewed. Other financial assets The Group has investments in companies with a strategic interest to the Group which are of a non-speculative nature. The investments and any impairment provisions are outlined in note 14. At 31 December 2015 Contractual maturity of financial liabilities Borrowings (note 20) Deferred acquisition consideration (note 19) Trade and other payables The carrying amount of financial assets, net of impairment provisions represents the Group’s maximum credit exposure. The maximum exposure to credit risk at year end was as follows: Long term receivables Trade and other receivables* 2016 €’000 2015 €’000 3,663 25,786 123,791 126,320