Year-End Financial Case

Decent Essays
The Company at the year-end held cash amounts of USD 8,734,283 (2014: USD 5,268,214), which represents its maximum credit exposure on these assets. The cash are held with banks which are highly rated.

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.
Get Access