Integrated Reports Senwesbel Consolidated Financial Statements 2018 - Page 49

21.1.3 Liquidity risk The group monitors its liquidity risk by means of a cash flow planning and security model. The group takes into account the maturity dates of its various assets and funds its activities by obtaining a balance between the opti- mal 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: GROUP FINANCIAL LIABILITIES 2018 TOTAL R’m DUE WITHIN 1 MONTH R’m DUE WITHIN 1 – 2 MONTHS R’m DUE WITHIN 2 – 6 MONTHS R’m DUE WITHIN 6 - 12 MONTHS R’m DUE WITHIN 1 - 5 YEARS R’m DUE AFTER 5 YEARS R’m Non-current liabilities Interest-bearing loans Interest on interest-bearing loans JDI loan from Tomlinson Family Trust Total non-current liabilities 1 000 - - - - 1 000 - 400 7 7 27 40 319 - 2 - - - - - 2 1 402 7 7 27 40 1 319 2 Current liabilities Interest­-bearing loans 1 985 - - - 1 985 - - Interest­ on interest-bearing loans 661 12 12 47 70 520 - Trade and other payables 679 214 178 211 56 20 - Derivative financial instruments, tax payable, incentive bonuses,provi- sions and other financial liabilities** 269 57 - 102 41 32 37 Total current liabilities 3 594 283 190 360 2 152 572 37 Total liabilities, including interest payable 4 996 290 197 387 2 192 1 891 39 * R219 million relates to Tradevantage and JD Implemente (Group: R678 million; Company: R1 million). **R37 million relates to Tradevantage, JD Implemente and Senwes Capital (Group: R270 million; Company: R32 million). GROUP FINANCIAL LIABILITIES 2017 TOTAL R’m DUE WITHIN 1 MONTH R’m DUE WITHIN 1 – 2 MONTHS R’m DUE WITHIN 2 – 6 MONTHS R’m DUE WITHIN 6 - 12 MONTHS R’m DUE WITHIN 1 - 5 YEARS R’m DUE AFTER 5 YEARS R’m 1 000 - - - - 1 000 - Non-current liabilities Interest-bearing loans 425 7 7 28 43 340 - Long-term incentive bonuses Interest on interest-bearing loans - - - - - - - Derivative financial instruments, tax payable, incentive bonuses and provisions 2 - - - - - 2 1 427 7 7 28 43 1 340 2 Total non-current liabilities Current liabilities Interest­-bearing loans 1 572 - - - 1 572 - - Interest­ on interest-bearing loans 128 11 11 42 64 - - 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, including interest payable 3 825 163 137 442 1 719 1 354 10 * R85 million (2016: R91 million) relates to Tradevantage and JD Implemente (Group: R459 million). ** R24 million (2016: R18 million) relates to Tradevantage, JD Implemente and Senwes Capital (Group: R239 million). Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2018 48