IREIT Global
annual report 2014
For the reporting period from 1 November 2013 (date of constitution) to 31 December 2014
Notes to the
Financial Statements
22.
FINANCIAL INSTRUMENTS
(Continued)
(b) Financial risk management objectives and policies
(Continued)
Liquidity risk
(Continued)
Group
Weighted
average
interest rate
On demand
or less than
12 months
Undiscounted
cash flows
2 years to
5 years
Carrying
amount as at
31 December
2014
% EUR’000 EUR’000 EUR’000
31 December 2014
(i) Non-derivative
financial instrument –
liabilities
Non-interest bearing
10,945
–
10,945
Fixed interest rate
instrument
2.11%
1,626
103,219
95,359
12,571
103,219
106,304
(ii) Derivative financial
instrument – gross
settled
Foreign exchange
forward contract
279
–
279
IREIT
On demand
or less than
12 months
Carrying
amount as at
31 December
2014
EUR’000
EUR’000
31 December 2014
(i) Non-derivative financial
instrument – liabilities
Non-interest bearing
7,154
7,154
(ii) Derivative financial instrument
– gross settled
Foreign exchange forward
contract
279
279
