AEG 21604 G Manual de usuario descargar pdf (Pagina 395)

F-154

31. Financial instruments (continued)

Liquidity risk

The liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. Cash

flow generation and sufficient access to capital markets is assured to finance organic long term growth, capital

expenditures, working capital requirements, expected operational expenses. The table below shows the Group's

net position to finance its obligations due within one year at 31 December 2009:

In thousands of Euro

Trade and other payables ................................................................................................

............

59,859

Current income tax liabilities................................................................

................................

16,129

Short term provisions................................................................................................

..................

2,807

78,795

Purchase commitments ................................................................................................

...............

24,064

Operating leases ................................................................................................

..........................

2,509

Guarantees on customer contracts................................................................

...............................

4,664

31,237

Total obligations ................................................................................................

.........................

110,032

Financing resources:

Cash and cash equivalents, excluding restricted cash ................................

................................

49,110

Trade and other receivables ................................................................................................

........

70,732

Loans and borrowings................................................................................................

.................

(10,748)

109,094

Net position................................................................................................

................................

(938)

Currency risk

The Group's exposure to foreign currency risk is based on the following notional net amounts as at December 31,

2009:

In thousands of Euro EUR USD GBP SGD MYR Other

Cash ................................................................. 55,187 1,628 115 423 77 528

Trade receivable............................................... 66,024 1,566 790 1,205 250 897

Prepayments..................................................... 4,293 2 105

Short term debt................................................. (10,748)

Income tax........................................................ (15,715) - - (414) - -

Trade payables ................................................. (52,273) (2,255) (1,145) (1,844) (426) (1,916)

Deferred income............................................... (30,345) (1,093) (39) (76) - (507)

Warrants........................................................... (30,975) - - - - -

Total................................................................. (14,552) (152) (279) (706) (99) (893)

The Group is primarily exposed to the Euro because of its principal operations in the Euro-zone. Other curren-

cies to which the group is exposed include the USD, GBP, SGD or MYR. An individual change of 5% in any of

these currencies would have an impact of no more than €106 thousand on equity or statement of income.

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AEG 21604 G Manual de usuario Pagina 395

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AEG 21604 G Manual de usuario Pagina 395

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