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VTech Holdings Ltd Annual Report 2011 57
19 Financial Risk Management and Fair Values (Continued)
(d) Liquidity risk (Continued)
The following tables detail the remaining contractual maturities at the balance sheet date of the Group’s derivative and non-derivative
financial liabilities, which are based on contractual undiscounted cash flows and the earliest date of the Group can be required to pay:
Contractual undiscounted cash flows
Carrying
amount
US$ million
Total
US$ million
Within
1 year or
on demand
US$ million
More than
1 year but
less than
2 years
US$ million
More than
2 years but
less than
5 years
US$ million
More than
5 years
US$ million
The Group
At 31 March 2011
Creditors and accruals 284.9 284.9 284.9–––
Derivatives settled gross:
Forward foreign exchange contracts –
at fair value through profit or loss
– outflow 90.8 90.8 – – –
– inflow (90.9) (90.9) – – –
Derivatives settled gross:
Forward foreign exchange contracts –
cash flow hedge
– outflow 73.1 73.1 – – –
– inflow (73.4) (73.4) – – –
The Company
At 31 March 2011
Creditors and accruals 0.5 0.5 0.5 – – –
Contractual undiscounted cash flows
Carrying
amount
US$ million
Total
US$ million
Within
1 year or
on demand
US$ million
More than
1 year but
less than
2 years
US$ million
More than
2 years but
less than
5 years
US$ million
More than
5 years
US$ million
The Group
At 31 March 2010
Creditors and accruals 272.9 272.9 272.9 – – –
Derivatives settled gross:
Forward foreign exchange contracts –
at fair value through profit or loss
– outflow 11.0 11.0 – – –
– inflow (11.3) (11.3) – – –
The Company
At 31 March 2010
Creditors and accruals 1.8 1.8 1.8 – – –
Derivative financial instruments
Forward foreign exchange contracts were recognised initially at fair value. At each balance sheet date the fair value is remeasured. The
positive fair values of derivative financial instruments designated as fair value through profit or loss and cash flow hedges at 31 March
2011 were US$0.1 million (2010: US$0.3 million) and US$0.3 million (2010: US$nil) respectively.