12.
Financial instruments: information on financial risks (cont'd)
12D.
Credit risk onfinancial assets (cont'd)
Note 9 discloses thematurity of the cash and cash equivalents balances.
Other receivables are normallywith no fixed terms and therefore there is nomaturity.
12E.
Liquidity risk – financial liabilitiesmaturity analysis
There are no non-current financial liabilities at the end of the reporting year. The liquidity risk refers to the
difficulty inmeeting obligations associatedwith financial liabilities that are settled by delivering cash or another
financial asset. It is expected that all the liabilities will be paid at their contractual maturity. The average credit
period taken to settle payables is about 60 days (2014: 60 days). The payables arewith short-term durations
TheFoundationmonitors its liquidity risk andmaintains a level of cashand cashequivalents deemedadequate
bymanagement to finance theFoundation’s operations and tomitigate the effects of fluctuations in cash flows.
12F.
Interest rate risk
The interest rate risk exposure ismainly from changes in fixed rate. The following table analyses the breakdown
of the significant financial instruments by type of interest rate:
2015
$
2014
$
Financial assets:
Fixed rates
22,605,031
22,687,441
The interest rates are disclosed inNote 9.
Sensitivity analysis: The effect on surplus is not significant.
13.
Commitments
a) Another three non-profit organisations share its community space with the Foundation and
the latter has agreed to bear certain maintenance incurred for the community space. The
maintenance charged in the statement of financial activities for the reporting year was $200,796
(2014: $191,105). Future committed payments related to themaintenance of the community space are as
follows as of 31December 2015:
2015
$
2014
$
Within one year
173,184
180,204
After 1 year but within 5 years
43,296
225,255
216,480
405,459
b) The Foundation has committed annual funding at $250,000 per annum for the financial years 2014 to
2016 to Singapore Cord Blood Bank Limited (SCBB) for meeting its target of 1,000 cord blood units
banked annually.
c) TheFoundationhascommittedannual funding for theperiodunder theexisting fundingagreement covering
June 2014 toMay 2015 toBoneMarrowTransplant Coordinator toNUH, on terms agreed by both parties.
The Foundation has renewed the funding for a 3-year period from June 2015 toMay 2018, capped at the
amount listed below:
–Year 1 – $95,000
–Year 2 – $100,000
–Year 3 – $105,000
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