BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
127
Notes to the
Financial Statements
for the financial year ended 31December 2013
30. Financial riskmanagementobjectivesandpolicies (cont’d)
Liquidity risk (cont’d)
2013
2012
Group
One year
or less
One year
or less
$
$
Financial assets:
Trade and other receivables (excluding tax recoverable)
12,848,152 19,121,183
Pledged deposits
– 11,067,427
Cash and short-term deposits
205,871,055 173,901,562
Total undiscountedfinancial assets
218,719,207 204,090,172
Financial liabilities:
Trade and other payables (excluding provision for warranty)
7,479,469 12,531,798
Loans and borrowings
– 3,678,049
Total undiscounted financial liabilities
7,479,469 16,209,847
Total net undiscounted financial assets
211,239,738 187,880,325
Company
Financial assets:
Trade and other receivables
7,000
167,652
Amount due from subsidiaries
5,478,265 2,700,000
Cash and short-term deposits
156,810,290 167,789,758
Total undiscounted financial assets
162,295,555 170,657,410
Financial liabilities:
Trade and other payables
1,372,274 3,139,566
Total undiscounted financial liabilities
1,372,274 3,139,566
Total net undiscounted financial assets
160,923,281 167,517,844
