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
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