NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
24 FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL
INSTRUMENTS (Continued)
(b) Liquidity risk (Continued)
The following table shows the remaining contractual maturities at the end of the reporting period of the Group's non-derivative financial liabilities, which are based on contractual undiscounted cash flows (including interest payments computed using contractual rates at the end of the reporting period) and the earliest date the Group can be required to pay:
2015
2014
Contractual undiscounted cash outflow
Contractual undiscounted cash outflow
More than More than
More than More than
Within
1 year
2 years
Carrying
Within
1 year
2 years
Carrying
1 year
but less
but less
More
amount
Í year
but less
but less
More
amount
or on
than
than
than
at 31
or on
than
than
than
at 31
demand
2 years
5 years
5 years
Total December
demand
2 years
5 years
5 years
Total December
HK$'000
HK$'000
HKS 000
HK$000
HK$'000
HK$ 000
HK$'000
HKS000
HK$000
HK$'000 HK$'000 HK$'000
Trade and other payables
248,816
7,608
3,286
1,598 261,308 261,308 1,019,939
3,858
3,764
1,027,561 1,027,561
(c)
Currency risk
The Group has no significant exposure to foreign currency risk given its large asset base and operational cash flow are primarily denominated in Hong Kong dollars.
(d)
Equity price risk
The Group is exposed to equity price change arising from equity investments classified as available-for-sale securities (see note 15) and financial assets designated at fair value through profit or loss (note 19). All of these investments are listed.
Listed investments held in the available-for-sale securities portfolio have been chosen based on their longer term growth potential and are monitored regularly for performance against expectations.
Financial assets designated at fair value through profit or loss are subject to changes in market prices. The exposure to price changes is managed by closely monitoring the changes in market conditions that may have an impact on the market prices or factor affecting the value of these financial assets.
Hong Kong Ferry (Holdings) Company Limited
121
Annual Report 2015