KUWAIT ENERGY plc GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2012
F-116
30.
FINANCIAL INSTRUMENTS (CONTINUED)
Liquidity risk management (continued)
The following tables detail the Group’s remaining contractual maturity for its financial liabilities. The tables have
been drawn up based on the undiscounted cash flows of financial liabilities.
At 31 December 2012
Financial
liabilities
Less than
1 year
Between
1 and 3
years
Between
3 and 5
years
More
than 5
years
Total
Weighted
average
effective
interest
rate
USD
000’s
USD
000’s
USD
000’s
USD
000’s
USD
000’s
%
Long-term loans
3,306
6,654
66,600
-
76,560
6.62%
Convertible
loans
7,359
16,000
16,000
89,967
129,325
16%
Trade and other
payables
44,401
-
-
-
44,401
-
55,066
22,654
82,600
89,967
250,286
At 31 December 2011
Financial
liabilities
Less than
1 year
Between
1 and 3
years
Between
3 and 5
years
More
than 5
years
Total
Weighted
average
effective
interest rate
USD
000’s
USD
000’s
USD
000’s
USD
000’s
USD
000’s
%
Long-term loans
8,000
40,667
7,721
-
56,388
10.11%
Trade and other
payables
52,964
-
-
-
52,964
-
60,964
40,667
7,721
-
109,352
The group has access to financial facilities as described in notes 20 and 21, of which USD 95 million is unused at
the balance sheet date (2011 : USD 5 Million). The group expects to meet its other obligations from operating
cash flows.
