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