NOTES TO
FINANCIAL STATEMENTS
73
GDS Global Limited Annual Report 2015
As at 30 September 2015
4
FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL MANAGEMENT (cont’d)
(c)
Financial risk management policies and objectives (cont’d)
(v)
Fair value of financial assets and financial liabilities
The Group and the Company had no financial assets or financial liabilities carried at
fair value as at 30 September 2015 and 2014. Management considers that the carrying
amounts of financial assets and financial liabilities of the Group and the Company
recorded at amortised cost in the financial statements approximate their fair values.
(d) Capital management policies and objectives
The Group manages its capital to ensure that entities in the Group will be able to continue as
a going concern while maximising the return to stakeholders through the optimisation of the
debt and equity balance. The Group’s overall strategy remains unchanged from 2014.
The capital structure of the Group consists of equity attributable to owners of the Company,
comprising issued capital, reserves and retained earnings.
Management reviews the capital structure on an annual basis. As a part of this review,
management considers the cost of capital and the risks associated with each class of capital.
The Group will balance its overall capital structure through the payment of dividends, new
share issues and share buy-backs as well as the issue of new debt or the redemption of
existing debt.
5
ULTIMATE HOLDING COMPANY AND RELATED PARTY TRANSACTIONS
The Company is a subsidiary of D’Oasis Pte. Ltd., incorporated in the Republic of Singapore, which
is also the Company’s ultimate holding company. During the financial year, the Group did not enter
into any transactions with the ultimate holding company.
Compensation of directors and key management personnel
The remuneration of directors and other members of key management during the financial year
was as follows:
Group
2015
2014
$
$
Short-term benefits
1,512,866
1,385,333
Post-employment benefits
90,644
71,271
Total
1,603,510
1,456,604
