113 / 170
2016
R’000
2015
R’000
32.
FINANCIAL INSTRUMENTS
(continued)
32.3 Liquidity risk
(continued)
32.3.2 Trade payables by class
Trade payables
Bidvest Services
–
3 160
Foodservice
Australasia
3 342 044
2 803 751
United Kingdom
7 588 240
6 596 958
Europe
4 583 444
3 589 586
Emerging Markets
1 856 082
822 277
Corporate
–
206
17 369 810
13 815 938
32.3.3 Undrawn facilities
The group has the following undrawn facilities at its disposal to further reduce liquidity risk:
Unsecured bank overdraft facility, reviewed annually and payable on 360 days’ notice
1 303 748
1 089 858
Utilised
–
4
Unutilised
1 303 748
1 089 854
Unsecured loan facility with various maturity dates through to 2022 and which may be extended by
mutual agreement
8 820 156
6 767 599
Utilised
6 798 453
4 915 612
Unutilised
2 021 703
1 851 987
Secured loan facilities with various maturity dates through to 2022 and which may be extended by
mutual agreement
297 035
304 068
Utilised
189 536
137 024
Unutilised
107 499
167 044
Other banking facilities
755 731
1 405 889
Utilised
183 270
237 336
Unutilised
572 461
1 168 553
Total facilities
11 176 670
9 567 414
Utilised
7 171 259
5 289 976
Unutilised
4 005 411
4 277 438
32.4 Market risk
Market risk is the risk that changes in market price, such as foreign exchange rates, interest rates and equity prices will affect the group’s
income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk
exposures within acceptable parameters, while optimising the return on risk.
Bidcorp Limited Annual integrated report 2016 |
Page 109
Financial overview