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Liquidity Risk

Liquidity Risk

Liquidity risk is related with the Group’s need for the sufficient financing of its operations and development. The relevant liquidity requirements are the subject of management through the meticulous monitoring of debts of long term financial liabilities and also of payments made on a daily basis. On 31/12/2014, the positive balance between Group’s Working Capital and Short-Term Liabilities secures the adequate funding of the Parent Company.

The Group ensures that there is sufficient available credit facilities to be able to cover its short-term business needs, after the calculation of cash flows arising from the operation as well as cash and cash equivalents which are held. The funds for long-term liquidity needs ensured by a sufficient amount of loanable funds and the ability to sell long-term financial assets.

Τhe maturity profile of the Group’s financial liabilities as at 31.12.2014 and 31.12.2013  respectively are shown in the page 132 of the ANNUAL REPORT 2014.