Notes to the consolidated financial statements
121
30 Financial risk management and financial instruments (continued)
Year ended December 28, 2014
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Annual Report 2014
Based on the current operating performance and liquidity position, the Company believes that cash provided by operating activities and available cash balances will be sufficient for working capital, capital expenditures,
interest payments, dividends and scheduled debt repayment requirements for the next 12 months and the foreseeable future.
The following tables summarize the expected maturity profile of the Company's financial liabilities (including derivatives) as of December 28, 2014, and December 29, 2013, respectively, based on contractual
undiscounted payments.
All financial liabilities held at the reporting date, for which payments are already contractually agreed, have been included. Amounts in foreign currency have been translated using the reporting date closing rate. Cash Rows
arising from financial instruments carrying variable interest payments have been calculated using the forward curve interest rates as of December 28, 2014, and December 29, 2013, respectively. Refer to Note 34 for the
liquidity risk related to guarantees.
Contractual cash Rows
Between
Net carrying
Withir
1 and 5
After
Total
million
amount
1 year
years
5 years
Non-derivative financial liabilities
Notes
(1,040)
(68)
(545)
(1,051)
(1,664)
Other loans
(3)
(2)
(1)
(3)
Financing obligations
(387)
(48)
(181)
(239)
(468)
Mortgages payable
(10)
(4)
(6)
(2)
(12)
Finance lease liabilities
(1,213)
(179)
(681)
(1,003)
(1,863)
Cumulative preferred financing shares1
(497)
(21)
(74)
(32)
(127)
Short-term borrowings
(47)
(47)
(47)
Reinsurance liabilities
(191)
(67)
(110)
(20)
(197)
Accounts payable
(2,655)
(2,655)
(2,655)
Other
(43)
(1)
(6)
(52)
(59)
Derivative financial liabilities
Cross-currency swaps and foreign currency derivatives (251) (18) (70) (246) (334)
1 Cumulative preferred financing shares have no maturity. For the purpose of the table above, the future dividend cash Rows were calculated until the coupon reset date of each of the four share-series (2016, 2018, 2020 and 2023). No liability redemption was assumed. Actual cash Rows may differ,
see Note 22.
