Page 198 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
For the year ended June 30 2020
4 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) (d) Liquidity risk (Continued)
THE COMPANY
At June 30 2020
Interest bearing loans and borrowings Trade and other payables
At June 30 2019
Interest bearing loans and borrowings Trade and other payables
(e) Capital management
Less than 3 months Rs’000 7 455 4 4 492 11 947
Less than 3 months Rs’000 157 270 20 028 177 298
3 to 12 months Rs’000 167 035 5 5 451 172 486
3 to 12 months Rs’000 15 654 38 934 54 588
1 to 5 years Rs’000 696 816 - 696 816 1 to 5 years Rs’000 572 886 6 114 579 000 Above 5 years Rs’000 1 346 - 1 346 Above 5 years Rs’000 - - - On demand Rs’000 124 143 206 772 330 915
On demand Rs’000 299 421 117 771 417 192
Total Rs’000 996 795 216 715 1 1 1 213 510
Total Rs’000 1 1 045 231 182 847 1 228 078
The primary objective of the Group’s capital management
is to ensure that it it it maintains a a a a a a a a a a a a strong credit rating and healthy capital ratios in in order to support its business and maximize shareholders value The Group manages its capital structure and makes adjustments to it it it it in in light of changes in in economic conditions To maintain or adjust adjust the the the capital capital structure the the the Group may adjust adjust the the the dividend payment to to shareholders return capital capital to to shareholders or issue new shares No changes were made in in the the objectives policies or processes during the the years ended June June 30 30 2020
and June June 30 30 2019
The The Group monitors capital using a a a a a a a a gearing ratio which is interest bearing loans and borrowings divided by equity The The Group’s policy is is to to keep the the gearing ratio between 30% and 60% Capital comprises of equity equity attributable to to the the equity equity holders of the parent The Group and Company do not have any any externally imposed capital requirements 2020
Rs’000 1 1 064 108 3 3 3 238 830
33%
2020
Rs’000 932 318 2 2 2 279 523
41%
Interest bearing loans and borrowings Equity
Gearing ratio THE GROUP
2019
Rs’000 1 039
956 3 3 113 287 33%
THE COMPANY
2019
Rs’000 939 262 2 2 323 004 40%
198 - UBP INTEGRATED REPORT 2020