Page 109 - Demo

GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)25. Risk management (continued)Liquidity riskLiquidity risk is the risk that the Group will be unable to meet its payment obligation under normal and stress circumstances. The Group monitors its liquidity risk by considering the maturity of both its fnancial investments and fnancial assets and projected cash fows from operations. Where possible the Group utilises surplus internal funds to a large extent to fnance its operations and ongoing projects. However, the Group also utilises available credit facilities such as loans and other fnancing options where required.The table summarises the maturity of the Group%u2019s fnancial liabilities at 31 December based on undiscounted repayment obligations over the remaining life of those liabilities:GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018On Within 1 1 to 5 >5demand year years years Total$ $ $ $ $31 December 2018Borrowings - 586 702 - 1,288Trade and other payables - 25,786 - - 25,786- 26,327 702 - 27,07431 December 2017Borrowings - 623 1,288 - 1,911Trade and other payables - 27,091 - - 27,091- 27,714 1,288 - 29,002108