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Investor Presentaiton

HKAS 1.51(a) HKAS 1.49 HKAS 7.44A-44E (c) HK Listco Ltd Financial statements for the year ended 31 December 2022 Reconciliation of liabilities arising from financing activities 216, 217 The table below details changes in the group's liabilities from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the group's consolidated cash flow statement as cash flows from financing activities. Interest rate swaps held to Interest rate Bank loans and other borrowings Unsecured debentures $'000 (Note) $'000 (Note 25) Convertible notes $'000 (Note 25) Redeemable preference shares $'000 (Note 25) Lease hedge borrowings liabilities (assets)218 $'000 $'000 (Note 27) (Note 33(f)(i)) swaps held to hedge borrowings (liabilities) $'000 (Note 33(f)(i)) Conversion option embedded in convertible notes $'000 (Note 33(f)(i)) Total $'000 91,508 5,000 9,356 3,912 68,473 (1,489) 52 171 176,983 At 1 January 2023 HKAS 7.44B(a) Changes from financing cash flows: Proceeds from new bank loans 6,100 Repayment of bank loans (25,480) 6,100 (25,480) Proceeds from new loans from fellow subsidiaries 1,759 1,759 Capital element of lease rentals paid Interest element of lease rentals paid (17,611) (4,587) (17,611) Other borrowing costs paid (18,768) (400) (550) (4,587) (19,718) 77 21 Proceeds from settlement of derivatives Dividends paid on redeemable preference shares Total changes from financing cash flows (36,389) (400) (550) (200) (200) (22,198) 77 21 98 (200) (59,639) HKAS 7.44B(c) HKAS 7.44B(d) HKAS 7.44B(e) Exchange adjustments Changes in fair value Other changes: (392) (392) (252) 55 (196) Bank loans arising from supplier finance arrangement (note 26(c)) Increase in lease liabilities from entering into new leases during the 15,000 period Interest expenses (note 5(a)) 14,793 400 736 19,430 4,587 Capitalised borrowing costs 3,780 Dividends on redeemable preference shares (note 5(a)) Total other changes 33,573 400 736 200 200 24,017 15,000 19,430 20,516 3,780 200 58,926 At 31 December 2023 88,300 5,000 9,542 3,912 70,292 (1,664) 128 172 175,682 Note: Bank loans and other borrowings consist of bank loans, loans from non-controlling shareholders of a subsidiary and loans from fellow subsidiaries as disclosed in notes 25 and 26. HKAS 7.44A-E 216 HKAS 1.38 217 HKAS 7.44C 218 HKAS 7 requires entities to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes. Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the statement of cash flows as cash flows from financing activities. HKAS 7 does not prescribe a specific method to fulfil these disclosure requirements. However, HKAS 7 indicates that one way is to provide a reconciliation between the opening and closing balances for liabilities arising from financing activities. In this illustration, HK Listco provides such reconciliation to satisfy the disclosure requirement. Comparative information is required for the reconciliation of liabilities arising from financing activities, as HKAS 7 does not give a specific exemption in this regard. The disclosure requirements by HKAS 7 also apply to changes in financial assets (e.g. assets that hedge liabilities arising from financing activities) if cash flows from those financial assets were, or future cash flows will be, included in cash flows from financing activities. 137 © 2023 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved.
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