AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

19 FINANCIAL INSTRUMENTS (CONTINUED) b) Liquidity Risk (continued)

The table below reflects all contractually fixed pay-outs and receivables for settlement, repayments and interest resulting from recognised financial assets and liabilities. Cash flows for financial assets and liabilities without a fixed amount or timing are based on the conditions existing at 30 June 2023 with comparatives based on conditions existing at 30 June 2022.

2023 $’000

2022 $’000

Financial Assets Due not later than 6 months

1,433,664

710,710

6 months to not later than one year

93,480 40,516

2,317 5,346 4,607

Later than one year and not later than five years

Later than five years Total financial assets

6,661

1,584,321

722,980

Financial Liabilities Due not later than 6 months

(1,126,784) (51,293) (810,477) (54,058) (2,042,611)

(439,381) (13,756) (75,001) (50,239) (578,377)

6 months to not later than one year

Later than one year and not later than five years

Later than five years Total financial liabilities

Whilst the Group’s financial liabilities exceed its financial assets for periods past 12 months, AUB generates significant cash flows from its long term equity interest in its subsidiaries and associates which are excluded from the table above. This cash flow is expected to enable AUB to meet its debts when they become due and payable. Furthermore AUB has the ability to raise substantial debt and capital from the market should it need. The risk implied from the values shown in the table below, reflects a balanced view of cash inflows and outflows. Lease liabilities, trade payables and other financial liabilities mainly originate from the financing of assets used in the Group’s ongoing operations such as plant and equipment and investments in working capital, e.g. trade receivables and deferred payments on broker acquisitions. The table summarises the maturity profile of the Group’s financial assets and financial liabilities based on contractual undiscounted payments.

AUB GROUP ANNUAL REPORT 2023

123