127 / 166
2017
R’000
2016
R’000
33.
FINANCIAL INSTRUMENTS
(continued)
33.3 Liquidity risk
(continued)
33.3.2 Trade payables by class
Trade payables
Bidfood
16 633 069
17 369 810
Australasia
3 075 160
3 342 044
United Kingdom
6 588 164
7 588 240
Europe
5 261 360
4 583 444
Emerging markets
1 708 385
1 856 082
Corporate
16 536
–
16 649 605
17 369 810
33.3.3 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
1 136 613
1 303 748
Utilised
562
–
Unutilised
1 136 051
1 303 748
Unsecured loan facility with various maturity dates through to 2024 and which may be extended by
mutual agreement
9 444 210
7 720 157
Utilised
7 425 044
5 792 166
Unutilised
2 019 166
1 927 991
Secured loan facilities with various maturity dates through to 2031 and which may be extended by
mutual agreement
403 527
1 397 034
Utilised
243 033
1 195 823
Unutilised
160 494
201 211
Other banking facilities
607 789
755 731
Utilised
229 226
183 270
Unutilised
378 563
572 461
Total facilities
11 592 139
11 176 670
Utilised
7 897 865
7 171 259
Unutilised
3 694 274
4 005 411
33.4 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.
123
Annual integrated report 2017
Bid Corporation Limited