NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
25.
OTHER LIABILITIES, CURRENT
Group
2015
2014
$’000
$’000
Security deposits from tenants
33,324
28,618
26.
DERIVATIVE FINANCIAL INSTRUMENTS
The table below summarises the fair value of derivatives engaged into at the end of year. All derivatives are not
designated as hedging instruments.
Group and Trust
2015
2014
$’000
$’000
Assets – Derivatives with positive fair values:
Interest rate swaps (Note 26A)
1,691
–
Currency option contracts (Note 26B)
215
116
Total
1,906
116
Non-current portion
1,906
–
Current portion
–
116
1,906
116
Liabilities – Derivatives with negative fair values:
Currency option contracts (Note 26B)
(687)
(146)
(687)
(146)
Non-current portion
(687)
–
Current portion
–
(146)
(687)
(146)
Net balance
1,219
(30)
The movements during the year were as follows:
Balance at beginning of year
(30)
(251)
Settlement
30
–
Fair value gains recognised in profit or loss
1,219
221
Total net balance at end of the year
1,219
(30)
The maximum exposure to credit risk at the reporting date is the fair value of derivative assets.
LIPPO MALLS INDONESIA RETAIL TRUST
122
