ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 228 Focused 45. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Liquidity risk The Group’s policy is to maintain sufficient cash and bank balances or to have available funding through the use of bank and other borrowings to meet its commitments over the foreseeable future in accordance with its strategic plan. The maturity profile of the Group’s financial liabilities as at 31 December 2019 and 2018, based on the contractual undiscounted payments, is as follows: Group Less than 1 year 1 to 5 year Over 5 years Total USD’000 USD’000 USD’000 USD’000 31 December 2019 Interest-bearing bank and other borrowings 361,408 2,435,570 199,490 2,996,468 Trade and other payables 181,126 – – 181,126 Lease liabilities 6,064 12,644 70,893 89,601 Other non-current liabilities – – 44,630 44,630 548,598 2,448,214 315,013 3,311,825 Less than 1 year 1 to 5 year Over 5 years Total USD’000 USD’000 USD’000 USD’000 31 December 2018 Interest-bearing bank and other borrowings 505,154 931,709 248,482 1,685,345 Redeemable convertible preference shares 283,925 – – 283,925 Trade and other payables 92,102 – – 92,102 Lease liabilities 3,774 4,755 2,807 11,336 Other non-current liabilities – – 35,766 35,766 884,955 936,464 287,055 2,108,474