Asus 2014 Annual Report Download - page 265

261
b. No credit limits were exceeded during 2014 and 2013, and management does not expect
any significant losses from non-performance by these counterparties.
c. The credit quality information of financial assets that are neither past due nor impaired,
the aging analysis of financial assets that were past due but not impaired and the
individual analysis of financial assets that had been impaired is provided in the
statement for each type of financial assets as described in Note 6.
(B) Liquidity risk
a. Cash flow forecasting is performed in the operating entities of the Company and
aggregated by the Company treasury to monitor rolling forecasts of the Company’s
liquidity requirements and ensure it has sufficient cash to meet operational needs while
maintaining sufficient headroom at all times. Such forecasting takes into consideration
the Company’s cash flow plans and compliance with internal balance sheet ratio targets.
b. The Company’s treasury invests surplus cash in demand deposits, time deposits, money
market deposits and marketable securities, choosing instruments with appropriate
maturities or sufficient liquidity to provide sufficient headroom as determined by the
abovementioned forecasts. At December 31, 2014 and 2013, the Company held financial
assets at fair value through profit or loss of $3,420,751 and $7,537,906, respectively,
that are expected to readily generate cash inflows for managing liquidity risk.
c. The table below analyses the Company’s non-derivative financial liabilities into relevant
maturity groupings based on the remaining period at the end of the financial reporting
period to the contractual maturity date for non-derivative financial liabilities. The
amounts disclosed in the table are the contractual undiscounted cash flows.
d. The Company does not expect the timing of occurrence of the cash flows estimated
through the maturity date analysis to be significantly earlier, nor expect the actual cash
flow amount to be significantly different.
Less than 1
year
Between 1
and 2 years
Between 2
and 3 years
Over 3
years
Total
Non-derivative
financial liabilities:
Notes and trade payables
74,691,202$ -$ -$ -$ 74,691,202$
Other payables
- accrued expenses
23,523,585 - - - 23,523,585
2014/12/31
Less than 1
year
Between 1
and 2 years
Between 2
and 3 years
Over 3
years
Total
Non-derivative
financial liabilities:
Notes and trade payables 53,931,854$ -$ -$ -$ 53,931,854$
Other payables
- accrued expenses
20,143,109 - - - 20,143,109
Other financial liabilities
10,591 - - - 10,591
2013/12/31