Page 133 - Annual Report 2020

/ 128 QF CR A ANNU AL REP OR T 2020

Liquidity risk
Carrying amount Contractual undiscounted cash flows Less than 1 year More than 1 year but less than 5 years
31 December 2020 USD USD USD USD
Liquidity risk is the risk that the QFC Regulatory

Authority is unable to meet its payment obligations
Accounts payable 481 481 481 -
associated with its financial liabilities that are settled
by delivering cash or other financial assets when they
Lease liabilities 2,553 2,647 1,811 836
fall due. The QFC Regulatory Authority limits its liquidity

risk by securing appropriations from the Government
Total 3,034 3,128 2,292 836
to finance its operating and capital expenditure. The
QFC Regulatory Authority’s terms of services require

amounts to be paid within 30 days of the date of service.
Carrying amount Contractual undiscounted cash flows Less than 1 year More than 1 year but less than 5 years
31 December 2019 USD USD USD USD
The table below summarises the maturity profile of the
QFC Regulatory Authority’s financial liabilities at 31 Accounts payable 504 504 504 -

December based on contractual undiscounted payments.

Lease liabilities 239 249 156 93

Total 743 753 660 93

18. Fair values of financial instruments

Financial instruments include financial assets and liabilities.

The QFC Regulatory Authority does not have any financial assets

or financial liabilities which are measured at fair value. The fair

values of financial instruments are not materially different from
their carrying values.

T ABLE OF C ONTENT S