SEO Version
SABANA
98
2011
Not past due
Past due 1 - 30 days
Past due 31 - 60 days
Past due 61 – 90 days
The Group and the Trust believe that all amounts which are past due are collectible, based o
behaviour and the retention of suffcient security in the form of bankers’ guarantees or cash sec
tenants, and hence no impairment allowance is necessary in respect of trade receivables not past
up to 90 days.
Cash at bank is placed with a fnancial institution which is regulated. The Group limits its credit risk e
with counterparties that have sound credit ratings. Given these high credit ratings, management d
counterparty to fail to meet its obligations.
As at balance sheet date, there were no signifcant concentrations of credit risk.
(d)
Liquidity risk
Liquidity risk is the risk that the Group will encounter diffculty in meeting the obligations associat
liabilities that are settled by delivering cash or another fnancial asset. The Group’s approach to ma
ensure, as far as possible, that it will always have suffcient liquidity to meet its liabilities when due,
and stressed conditions, without incurring unacceptable losses or risking damage to the Group’s an
The Manager monitors and maintains a level of cash and cash equivalents deemed adequate to
and Trust’s operations and to mitigate the effects of fuctuations in cash fows. In addition, the Ma
and observes the Code of Collective Investment Schemes issued by the MAS concerning limits on
The Group also has a committed $364.8 million secured Commodity Murabaha Facilities with a
Note 10) which were fully utilised as at balance sheet date. Proft will be payable at the Singapore s
Sabana AR 2011 Financial V9.indd 98
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