REA Group Ltd Annual Report 2021

Notes to the Consolidated Financial Statements for the year ended 30 June 2021 REA Group Ltd | Annual Report 2021 9. Financial risk management (continued) (i) Contractual maturities of financial assets and liabilities < 6 months $’000 6-12 months $’000 1-2 years $’000 >2 years $’000 Total contractual cash flows $’000 Carrying amount $’000 At 30 June 2021 Commission contract assets 87,246 67,237 115,437 412,148 682,068 580,034 Commission contract liabilities (66,730) (51,043) (87,362) (311,192) (516,327) (438,889) Trade payables (95,673) – – – (95,673) (95,673) Borrowings (5,295) (5,540) (424,032) (71,759) (506,626) (495,603) (80,452) 10,654 (395,957) 29,197 (436,558) (450,131) At 30 June 2020 Commission contract assets 28,637 26,214 45,663 156,407 256,921 193,212 Commission contract liabilities (20,776) (18,936) (32,794) (106,302) (178,808) (151,496) Trade payables (78,478) – – – (78,478) (78,478) Contingent consideration (37,994) – – – (37,994) (2,011) Borrowings (4,265) (74,959) (180,233) (81,285) (340,742) (327,152) (112,876) (67,681) (167,364) (31,180) (379,101) (365,925) (j) Reconciliation of liabilities arising from financing activities Balance at 1 July 2020 $’000 Additions 1 $’000 Principal payments $’000 Other $’000 Balance at 30 June 2021 $’000 Current loans 69,456 – (240,000) 170,544 – Current lease liabilities 7,014 1,284 (7,229) 7,753 8,822 Total current interest bearing loans and borrowings 76,470 1,284 (247,229) 178,297 8,822 Non-current loans 169,777 413,356 – (169,750) 413,383 Non-current lease liabilities 80,897 1,625 – (9,124) 73,398 Total non-current interest bearing loans and borrowings 250,674 414,981 – (178,874) 486,781 1 Additions include $2.7 million relating to lease liabilities as part of the acquisitions of Mortgage Choice. Balance at 1 July 2019 $’000 Additions $’000 Principal payments $’000 Other $’000 Balance at 30 June 2020 $’000 Current loans 239,809 69,516 (240,000) 131 69,456 Current lease liabilities 6,399 1,407 (6,084) 5,292 7,014 Total current interest bearing loans and borrowings 246,208 70,923 (246,084) 5,423 76,470 Non-current loans 69,940 100,484 – (647) 169,777 Non-current lease liabilities 67,111 21,314 – (7,528) 80,897 Total non-current interest bearing loans and borrowings 137,051 121,798 – (8,175) 250,674 90 Financial Statements