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32.2 Fair values of financial instruments
Since the majority of financial instruments of the Company and its subsidiaries are short-term in nature. Loans, liabilities under finance lease agreement and short-term and long-term borrowings carry interest at rate close to market rate. Their fair value is not expected to be materially different from the amounts presented in statement of financial position.
33. Capital management
The primary objective of the Company and its subsidiaries’ capital management is to ensure that it has appropriate capital structure in order to support its business and maximise shareholder value. As at 31 December 2016, the Company and its subsidiaries’ debt-to- equity ratio was 1.28:1 (2015: 1.18:1) and the Company's was 0.06:1 (2015: 0.10:1).
34. Approval of financial statements
These financial statements were authorised for issue by the Company’s Board of Directors on 21 February 2017.
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