Donaco International Limited / 2017 Annual Report Donaco International Limited / 2017 Annual Report 68 69 Donaco International Limited / 2017 Annual Report Donaco International Limited / 2017 Annual Report 68 Notes to the Financial Statements for the year ended 30 June 2017 Notes to the Financial Statements for the year ended 30 June 2017 69 Directors The following persons were directors of Donaco International Limited during the financial year: Stuart James McGregor Non-Executive Director and Chairman Joey Lim Keong Yew Managing Director and CEO Benedict Paul Reichel Executive Director and Company Secretary Benjamin Lim Keong Hoe Non-Executive Director Robert Andrew Hines Non-Executive Director Ham Techatut Sukjaroenkraisri Executive Director Paul Porntat Amatavivadhana Non-Executive Director (resigned 3 July 2017) Other key management personnel The following persons also had the authority and responsibility for planning, directing and controlling the major activities of the consolidated entity, directly or indirectly, during the financial year: Kenny Goh Kwey Biaw Deputy Chief Financial Officer and CEO of Donaco Singapore Chong Kwong Yang Chief Financial Officer Att Asavanund Chief Operating Officer and Deputy CEO (resigned 31 August 2017) Compensation The aggregate compensation made to directors and other members of key management personnel of the consolidated entity is set out below: Liquidity risk Vigilant liquidity risk management requires the consolidated entity to maintain sufficient liquid assets (mainly cash and cash equivalents) and available borrowing facilities to be able to pay debts as and when they become due and payable. The consolidated entity maintains cash to meet all its liquidity requirements and manages its liquidity by carefully monitoring cash outflows due in a day-to-day and week- to-week basis. Furthermore, the consolidated entity’s long-term liquidity needs are identified in its annual Board approved budget, and updated on a quarterly basis through revised forecasts. Remaining contractual maturities The following tables detail the consolidated entity’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Total contractual maturities Consolidated – 2017 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade payables – 4,472,103 – – – 4,472,103 Floating chips – 13,013,770 – – – 13,013,770 Interest-bearing – variable Bank loans 8.09% 54,908,598 53,553,627 – – 108,462,225 Total non-derivatives 72,394,471 53,553,627 – – 125,948,098 Weighted average interest rate 1 year or loss Between 1 and 2 years Between 2 and 5 years Over 5 years Total contractual maturities Consolidated – 2016 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade payables – 5,046,135 – – – 5,046,135 Floating chips – 13,652,683 – – – 13,652,683 Interest-bearing – fixed Bank loans 9.64% 2,942,907 5,885,813 26,934,032 – 35,762,752 Non-interest bearing – variable Bank loans 7.65% 37,164,227 38,484,710 40,389,444 – 116,038,381 Total non-derivatives 58,805,952 44,370,523 67,323,476 – 170,499,951 The cash flows in the maturity analysis above are not expected to occur significantly earlier than contractually disclosed above. Fair value of financial instruments Unless otherwise stated, the carrying amounts of financial instruments reflect their fair value. Consolidated 2017 2016 $ $ Short-term employee benefits 3,147,999 3,252,995 Post-employment benefits 103,292 83,107 Long-term benefits – 18,341 Share-based payments 196,804 1,461,440 3,448,095 4,815,883 Note 29. Key management personnel disclosures