Integrated Reports Senwes Financial Review 2018 - Page 46

46 FINANCIAL REVIEW 21.1.3 LIQUIDITY RISK | continued 21.1.3 LIQUIDITY RISK The group monitors its liquidity risk by means of a cash flow planning and security model. GROUP AND COMPANY The group takes into account the maturity dates of its various assets and funds its activities by obtaining a balance between the optimal financing mechanism and the different financing products, which include bank overdrafts, short-term loans, commodity finance and other creditors. These are the remaining undiscounted cash-flows. The different debt expiry dates are as follows: Financial liabilities - 2017 GROUP AND COMPANY Non-current liabilities Financial liabilities - 2018 Total R’m Non-current liabilities Interest-bearing loans Interest on interest- bearing loans JDI loan from Tomlinson Family Trust Total non-current liabilities Due Due Due Due within within within within 1 1-2 2-6 6-12 month months months months R’m R’m R’m R’m Interest-bearing loans Due within 1-5 years R’m Due after 5 years R’m Due within 1-5 years R’m Due after 5 years R’m 1 000 - - - - 1 000 - 425 7 7 28 43 340 - 2 - - - - - 2 1 427 7 7 28 43 1 340 2 - - 1 000 - 400 7 7 27 40 319 - Current liabilities 1 572 - - - 1 572 - - 2 - - - - - 2 128 11 11 42 64 - - 1 402 7 7 27 40 1 319 2 Interest on interest- bearing loans Trade and other payables* 459 145 119 143 38 14 - Derivative financial instruments, tax payable, incentive bonuses and provisions** 239 - - 229 2 - 8 Total current liabilities 2 398 156 130 414 1 676 14 8 Total liabilities, inclu­ ding interest payable 3 825 163 137 442 1 719 1 354 10 12 47 - 1 985 70 520 - - Trade and other payables* 677 214 176 211 56 20 - Derivative financial instruments, tax payable, incentive bonuses,provi- sions and other financial liabilities ** Total current liabilities 238 57 - 103 41 - 37 1 985 - - - 3 561 283 188 361 2 152 540 37 4 963 290 195 388 2 192 1 859 39 * R219 million relates to Tradevantage and JD Implemente (Group: R677 million; Company: R454 million). ** R37 million relates to Tradevantage, JD Implemente and Senwes Capital (Group: R194 million; Company: R157 million). FINANCIAL REVIEW Due within 6-12 months R’m - 12 Total liabilities, inclu­ ding interest payable Total non-current liabilities Due within 2-6 months R’m - 661 Interest on interest- bearing loans JDI loan from Tomlinson Family Trust Due within 1-2 months R’m 1 000 Current liabilities Interest-bearing loans Interest on interest- bearing loans Total R’m Due within 1 month R’m Interest-bearing loans * R85 million relates to Tradevantage and JD Implemente (Group: R459 million; Company: R374 million). ** R24 million relates to Tradevantage, JD Implemente and Senwes Capital (Group: R237 million; Company: R261 million).