190  macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Notes to the financial statements  for the financial year ended 31 March 2014  continued  Note 38.2  Liquidity risk  continued  Contractual undiscounted cash flows  continued (1) Excludes items that are not financial instruments and non-contractual accruals and provisions.  (2) Prior period comparatives have been restated for the effect of applying AASB 10. Refer to note 1(i) - Summary of significant accounting  policies.  (3) Included in this balance is $15,033 million payable to SPE note holders. The contractual maturity of the notes is dependent on the  repayment of the underlying loans included in loan assets held at amortised cost. The contractual maturity of the underlying loans is  reflected in the maturity analysis.  (4) Cash flows on contingent liabilities and commitments are dependent on the occurrence of various future events and conditions, and  may or may not result in an outflow of resources. These are reported in the ‘less than 3 months’ column unless the contractual terms  specify a longer dated cash flow.  On  demand  $m Less than 3 months  $m 3 to 12  months  $m 1 to 5 years  $m Over 5 years  $m Total  $m Consolidated 2013 Trading portfolio liabilities  –  1,497  –  –  –  1,497  Derivative financial instruments (trading)  –  12,220  –  –  –  12,220  Derivative financial instruments (hedging  relationship)  Contractual amounts payable  –  5,484  2,510  2,886  630  11,510  Contractual amounts receivable  –  (5,492)  (2,729)  (2,988)  (790)  (11,999)  Deposits  29,602  6,054  5,127  440  14  41,237  Other financial liabilities (1),(2) –  11,008  –  –  –  11,008  Payables to financial institutions  4,186  7,843  1,384  4,402  578  18,393  Other financial liabilities at fair value through profit or  loss  1  639  488  571  26  1,725  Debt issued at amortised cost (3) –  6,431  7,488  17,778  15,419  47,116  Macquarie Convertible Preference Securities  –  633  –  –  –  633  Loan Capital  –  86  133  1,209  1,996  3,424  Total undiscounted cash flows  33,789  46,403  14,401  24,298  17,873  136,764  Contingent liabilities  –  827  –  –  –  827  Commitments  –  3,642  238  236  –  4,116  Total undiscounted contingent liabilities and  commitments (4) –  4,469  238  236  –  4,943 