SIGA_Annual_Report_2015 - page 74

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED MARCH 31, 2015
74
20. FINANCIAL RISK MANAGEMENT (CONTINUED)
FOREIGN EXCHANGE RISK
SIGA faces exposure to the U.S./Canadian dollar exchange rate through the purchase of goods and services payable in U.S. dollars. .
The risk is not considered significant.
LIQUIDITY RISK
Liquidity risk is the risk that SIGA is unable to meet its financial commitments as they become due or can only do so at excessive cost.
SIGA manages its cash resources based on financial forecasts and anticipated cash flows. The following summarizes the contractual
maturities of SIGA’s financial liabilities based on undiscounted payments:
2015
Contractual cash flows
Carrying
0 - 12
1 - 2
3 - 5
More than.
Financial Liabilities
Amount
months
years
years
5 years
Total
Due to SLGA
$ 61,418,839 $ 61,418,839 $
– $
– $
– $ 61,418,839
Accounts payable and.
accrued liabilities
18,712,551
18,712,551
– 18,712,551
Long-term debt
47,497,747
7,963,495
7,662,102 21,152,020 22,517,747 59,295,364
Finance lease obligation
56,670,094
7,910,747
7,890,662
23,554,385
55,537,732
94,893,526
Interest rate swap liability
6,231,550
6,231,550
6,231,550
$ 175,244,508 $ 94,626,502 $ 14,193,719 $ 40,746,872 $ 75,698,464 $ 225,265,557
2014
Contractual cash flows
Carrying
0 - 12
1 - 2
3 - 5
More than.
Financial Liabilities
Amount
months
years
years
5 years
Total
Due to SLGA
$ 66,230,413 $ 66,230,413 $
– $
– $
– $ 66,230,413
Accounts payable and.
accrued liabilities
15,128,538
15,128,538
– 15,128,538
Long-term debt
52,953,075
8,289,842
7,992,584 22,131,650 29,212,818 67,626,894
Finance lease obligation
42,781,618
6,531,617
6,531,617
19,594,851
53,480,785
86,138,870
Interest rate swap liability
5,203,754
5,203,754
5,203,754
$ 182,297,398 $ 96,180,410 $ 14,524,201 $ 41,726,501 $ 87,897,357 $ 240,328,469
1...,64,65,66,67,68,69,70,71,72,73 75,76,77,78,79,80,81,82,83,84,...92
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