by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Whitehaven Coal Limited : Annual Report 2013
134 Whitehaven Coal Limited Annual Report 2013 Notes to the Financial Statements 30 June 2013 Interest rate risk The consolidated entity's borrowings comprise both variable and xed rate instruments. The variable rate borrowings expose the consolidated entity to a risk of changes in cash ows due to the changes in interest rates. Management analyses interest rate exposure on an ongoing basis. The consolidated entity uses interest rate swaps to mitigate interest rate risk. At the reporting date the interest rate pro le of the consolidated entity's interest-bearing nancial instruments was: Consolidated Carrying amount In thousands of AUD 2013 2012 Fixed rate instruments Financial liabilities (79,352) (83,501) (79,352) (83,501) Variable rate instruments Financial assets 110,516 513,625 Financial liabilities (502,728) (405,945) (392,212) 107,680 Net exposure (post tax) (471,564) 24,179 Cash ow sensitivity analysis for variable rate instruments A change of 100 basis points in interest rates at the reporting date would have increased/(decreased) equity and pro t or loss by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. The analysis is performed on the same basis for 2012. Pro t or loss Effect in thousands of AUD 100bp increase 100bp decrease 30 June 2013 Variable rate instruments (3,922) 3,922 Cash ow sensitivity (net) (3,922) 3,922 30 June 2012 Variable rate instruments 1,077 (1,077) Cash ow sensitivity (net) 1,077 (1,077) Equity 100bp increase 100bp decrease 30 June 2013 Variable rate instruments 1,648 (1,745) Cash ow sensitivity (net) 1,648 (1,745) 30 June 2012 Variable rate instruments -- -- Cash ow sensitivity (net) -- -- 5. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES CONTINUED Risk exposures and responses (continued)
Annual Report 2012