Page 59 - Demo

ISHINE CLOUD LIMITED
(A company limited by guarantee)
NOTES OF FINANCIAL ACTIVITIES March 31, 2019
(iv) Liquidity risk
The company manages liquidity risk by maintaining su cient cash to enable it to meet its operational requirements, and the company’s operations are nanced mainly through the general funds.
All nancial assets and liabilities at the end of 2019 are repayable on demand or due within 1 year from the end of the reporting period.
(v) Fair values of nancial assets and nancial liabilities
The fair values of current nancial assets and liabilities approximate the carrying amounts of those assets and liabilities reported in the statement of nancial position due to the relatively short-term maturity of these nancial instruments.
(vi) Capital risk management policies and objectives
The company reviews its capital structure at least annually to ensure that the company will be able
to continue as a going concern. The capital structure of the company consists of general funds.
5 RELATED PARTY TRANSACTIONS
During the year, the company entered into transactions with a related party with common directors and key management personnel.
Some of the company’s transactions and arrangements are with a related party and the effect of these on the basis determined between the parties is re ected in these nancial statements. The balances are unsecured, interest-free and repayable on demand unless otherwise stated.
During the period, the company entered into the following transactions with the related party:
December 7, 2017 (date of incorporation) to March 31, 2019
$
With a related party:
- IT costs sponsored
- Staff costs sponsored
- Subscription costs sponsored
- Other admin and professional fees sponsored
102,720 895,712 12,011 78,412
iShine Cloud | ANNUAL REPORT 2018–2019 FS17