Financial Risk Management. Producer may elect to engage Bunge, or an Affiliate of Bunge, for a separately negotiated fee, to provide a portfolio strategy (which may include the purchase and use of futures, options, and other hedging tools, as well as storage at sites other than the Facility) that will permit Producer to optimize its Corn supply pricing and security.
Financial Risk Management. The Company shall have a process to identify, assess and mitigate Treasury risks. No hedging of foreign exchange, interest rate or commodity exposure is allowed.
Financial Risk Management. The Customer may run periodically dependency and financial risk reviews regarding its supplier and partner network. The Supplier shall, upon request of the Customer, provide the Customer with necessary financial reports and analyses of its company operations that are reasonably available and that the Supplier can disclose to the Customer according to the applicable law.
Financial Risk Management. The Company’s financial instruments, as defined under Thai Accounting Standard No. 48 “Financial Instruments: Disclosure and Presentations”, principally comprise cash and cash equivalents, trade accounts receivable, trade accounts payable and short-term and long-term loans. The financial risks associated with these financial instruments and how they are managed is described below. The Company is exposed to credit risk primarily with respect to trade accounts receivable and other accounts receivable. The Company manages the risk by adopting appropriate credit control policies and procedures and therefore does not expect to incur material financial losses. In addition, the Company does not have high concentration of credit risk since it has a large customer base. The maximum exposure to credit risk is limited to the carrying amounts of trade accounts receivables and other accounts receivable as stated in the balance sheet. The Company’s exposure to interest rate risk relates primarily to its cash at banks, bank overdraft, short-term and long-term borrowings. However, since most of the Company’s financial assets and liabilities bear floating interest rates or fixed interest rates which are close to the market rate, the interest rate risk is expected to be minimal. Significant financial assets and liabilities as at December 31, 2009 and 2008 classified by type of interest rates are summarized in the table below, with those financial assets and liabilities that carry fixed interest rates further classified based on the maturity date, or the repricing date if this occurs before the maturity date. 1 year 1-5 years interest rate bearing Total Interest rate Cash and cash equivalent - - 2 - 2 0.25 Trade accounts receivable - - - 669 669 - Deposits at financial institutions with restrictions 32 - - - 32 0.75 - 1.00 Financial liabilities Bank overdrafts and short-term loans MOR, MLR from financial institutions - - 326 - 326 MRR+1.25 Factoring payable - - 16 - 16 MLR Trade accounts payable - - - 891 891 - Trade accounts payable - 191 - - 191 MLR and accrued interest Other accounts payable - - - 27 27 - Hire-purchase creditors - 58 - - 58 6 Long-term loans - - 34 - 34 MLR, 8.25 - 249 376 918 1,543 Cash and cash equivalent - - 1 - 1 0.50 Trade accounts receivable - - - 570 570 - Deposits at financial institutions with restrictions 88 - - - 88 1.5 - 4.25 Financial liabilities Bank overdrafts and short-term loans MOR, MLR from financial institutions - - 480 - 480 MRR + 1.2...
Financial Risk Management a) Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, trade payables and other accrued liabilities and shareholder’s advances. The carrying values of these financial instruments approximate their fair values because of their short term nature and/or the existence of market related interest rates on the instruments. IFRS requires disclosures about the inputs to fair value measurements, including their classification within a hierarchy that prioritizes the inputs to fair value measurement. The three levels of hierarchy are: · Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; · Level 2 – Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; and · Level 3 – Inputs for the asset or liability that are not based on observable market data.
Financial Risk Management. 11.1 The HRA contains a number of budgets where there is a risk that an overspend or shortfall could adversely impact on the HRA working balance. The Council and the TMO will undertake an annual review, as part of the estimates and rent setting process (see Section 4), of all HRA budgets and identify those that offer the highest risk to the HRA working balance. The Council and the TMO should undertake an annual review of the key risks within the HRA. The table below details those current areas that were considered to present the highest risk to the HRA Capital Financing Costs Council Expenditure Medium High Depreciation/Impairment Charge Council Expenditure Medium High Rental Income TMO Income Low Medium Tenant Service Charges TMO Income Low Low Leasehold Service Charges TMO Income Low Low Leasehold Major Works TMO Income High High Heating and Hot Water TMO Income High Medium Bad Debt Provision TMO Expenditure High High Central Support Services Council / TMO Expenditure Low Low Repairs & Maintenance TMO Expenditure Medium Medium Revenue Capitalisation TMO Income Low Low Cash Reconciliation TMO - Low Low Capital TMO - Medium Medium
11.2 The Council and the TMO, as part of the business plan process, will provide an annual review of all financial risks to both the Council and the TMO Company. This process will feed into the estimates process and should also consider the impact of changes in external funding that could impact on the financial viability of the HRA.
Financial Risk Management. 8.2.1 During the course of this agreement the partner organisations intend to:
a) Agree a process for sharing and mitigating financial risks in the system that avoids destabilising individual organisations
b) Agree a process for gain share for benefits that are not modelled as part of the Stockport Together design process
c) Develop a process of how to manage financial accountability and sustainability as the organisations move to a full Multi- Specialty Community Provider
d) Plan a collaborative response to operational system financial pressures in 2016/17
e) Work with commissioners to develop a plan for financial sustainability from 2017/18
Financial Risk Management. Producer may elect to engage A-B, or an Affiliate of A-B, for a separately negotiated fee, to provide a portfolio strategy (which may include the purchase and use of futures, options, and other hedging tools, as well as storage at sites other than the Facility) that will permit Producer to optimize its Corn supply pricing and security.
Financial Risk Management. The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board approves and monitors the risk management processes. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit Risk Credit risk is the risk of loss associated with a counterparty’s inability to fulfill its payment obligations. The Company believes it has no significant credit risk. Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations when they become due. As of October 31, 2013 the Company has a working capital of $22,046 (2012 – working capital deficiency of $3,875) and management understands they will need to continue raising capital through equity markets to ensure the Company can meet its financial obligations as they become due. Foreign exchange risk The Company’s functional currencies are the Canadian and US dollars. There is a foreign exchange risk to the Company as some of its future exploration and evaluation property interests and resulting commitments are located in the United States. Management monitors its foreign currency balances and makes adjustments based on anticipated need for currencies. The Company does not engage in any hedging activities to reduce its foreign currency risk. Interest rate risk The Company is subject to interest rate risk with respect to its investments in cash. The Company's policy is to invest cash at fixed rates of interest and cash reserves are to be maintained in cash and cash equivalents in order to maintain liquidity, while achieving a satisfactory return for shareholders. Fluctuations in interest rates when the cash and cash equivalents mature impact interest income earned. The Company is not exposed to significant interest rate risk. Commodity price risk While the value of the Company's exploration and evaluation assets is related to the price of gold and other minerals, the Company currently does not have any operating mines and hence does not have any hedging or other commodity based risks with respect to its operational activities.
Financial Risk Management. The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. The Company’s primary exposure to credit risk is on its cash and cash equivalents held in bank accounts. The majority of cash and cash equivalents are deposited in bank accounts held with a major bank in Canada. As most of the Company’s cash is held by one bank there is a concentration of credit risk. This risk is managed by using major banks that are high credit quality financial institutions as determined by rating agencies. ALABAMA GRAPHITE CORP. Notes to the Consolidated Financial Statements For the Years Ended August 31, 2016 and 2015 (Expressed in Canadian Dollars)
