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NOTE 11
FINANCIAL RISK MANAGEMENT (CONTINUED)
(c) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash and cash equivalents, the
availability of committed credit facilities to support funding requirements and the ability to close
out market positions. The Group manages liquidity risk by continuously monitoring forecast and
actual cash flows and maintaining adequate liquidity reserves to support forecast net business
expenditure requirements for a minimum of twelve months on a rolling monthly basis.
As at 30 June 2017 $15m of the $500m syndicated debt facility has been utilised (2016: $145m).
The Group has a $1,500m Australian Dollar Domestic Note programme of which $500m is issued.
Note that no bonds matured in the current financial year (note 6(d)). The Group also has access
to business card facilities of $2m (2016: $2m)
As at the reporting date of 30 June 2017, as the bond issuer, ARTC complied with clause 4.3 Earnings
and Asset Covenant of the Information Memorandum.
Maturities of financial assets and liabilities based on contractual maturities
The tables below analyse the Group’s financial assets and liabilities into relevant maturity groupings
based on the remaining period at the reporting date to the contractual maturity date.
The amounts disclosed in the table are the contractual principal and accrued interest
undiscounted cash flows.