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33. Risk management
Capital risk management
The group’s objectives when managing capital are to safeguard the group’s ability to continue as a going concern in order
to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to
reduce the cost of capital.
The capital structure of the group consists of debt, which includes the borrowings disclosed in notes 6, 7, 16, 15, cash and
cash equivalents disclosed in note 13, and equity as disclosed in the statement of financial position.
In order to maintain or adjust the capital structure, the group may adjust the amount of dividends paid to shareholders,
return capital to shareholders, issue new shares or sell assets to reduce debt.
There are no externally imposed capital requirements.
Financial risk management
The group’s activities expose it to a variety of financial risks: market risk including currency risk, fair value interest rate risk,
credit risk and liquidity risk.
Liquidity risk
The group’s risk to liquidity is a result of the funds available to cover future commitments. The group manages liquidity risk
through an ongoing review of future commitments and credit facilities.
Cash flow forecasts are prepared and adequate utilised borrowing facilities are monitored.
The table below analyses the group’s financial liabilities and net-settled derivative financial liabilities into relevant
maturity groupings based on the remaining period at the statement of financial position to the contractual maturity date.
The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their
carrying balances as the impact of discounting is not significant.
Group
At 30 September 2011
Less than
1 year
Between
1 and 2 years
Between
2 and 5 years
Over 5 years
Finance lease obligation
60 715
-
-
-
Trade and other payables
6 986 438
-
-
-
Bank overdraft
32
-
-
-
Other financial liabilities
14 567 285
-
-
-
Taxation
197 217
-
-
-