The Group may be exposed to liquidity risk following from the ratio of current assets to short-term liabilities. To ensure an additional source of funds required to secure its short-term liquidity the Group had current account overdraft facilities. Additionally, to secure its long-term liquidity, the Group used investment loans and leases (financing of capital expenditures). As at 31 December 2018, the Group had in aggregate unused credit facilities in the amount of PLN 171.4 million.
Maturity of the Group’s financial liabilities as at the balance sheet date by maturity date based on contractual undiscounted payments (together with interest payable in the future):
| 31/12/2018 | Contractual maturities from the end of the reporting period | Total (no discount) |
Carrying amount | |||
|---|---|---|---|---|---|---|
| Below 3 months | From 3 to 12 months | From 1 year to 5 years |
Over 5 years | |||
| Debt liabilities | 77.9 | 216.4 | 852.1 | 365.9 | 1,512.3 | 1,427.0 |
| Trade payables | 495.7 | 3.7 | 0.5 | - | 499.9 | 499.9 |
| Investment liabilities | 156.1 | 23.2 | 110.1 | 3.1 | 292.5 | 287.4 |
| Derivative instruments - FX forwards | - | 0.1 | 0.1 | - | 0.2 | 0.2 |
| Total | 729.7 | 243.4 | 962.8 | 369.0 | 2,304.9 | 2,214.5 |
| 31/12/2017 | Contractual maturities from the end of the reporting period | Total (no discount) |
Carrying amount | |||
|---|---|---|---|---|---|---|
| Below 3 months | From 3 to 12 months | From 1 year to 5 years |
Over 5 years | |||
| Debt liabilities | 92.0 | 234.9 | 936.2 | 549.6 | 1,812.7 | 1,701.4 |
| Trade payables | 445.8 | - | 1.3 | - | 447.1 | 447.2 |
| Investment liabilities | 79.0 | 0.1 | - | - | 79.1 | 79.1 |
| Derivatives | 0.2 | 0.1 | - | - | 0.3 | 0.3 |
| Total | 617.0 | 235.1 | 937.5 | 549.6 | 2,339.2 | 2,228.0 |