NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  NOTE 33 – FINANCIAL RISK MANAGEMENT continued  The Company has the following commitments related to its financial liabilities (US$’000):  Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of  changes in market prices. Market risk comprises three types of risk: commodity price risk, interest rate risk and  foreign currency risk. Financial instruments affected by market risk include loans and borrowings, deposits,  trade receivables, trade payables, accrued liabilities and derivative financial instruments.  The Group is exposed to the risk of fluctuations in prevailing market commodity prices on the mix of oil and gas  products it produce.  The table below summarises the impact on profit before tax for changes in commodity prices on the fair value of  derivative financial instruments. The impact on equity is the same as the impact on profit before tax as these  derivative financial instruments have not been designated as hedges and are and therefore adjusted to fair value  through profit and loss. The analysis assumes that the crude oil and natural gas price moves $10 per barrel and  $0.50 per mcf, with all other variables remaining constant, respectively.  e) Market Risk Commodity Price Risk  Commodity Price Risk Sensitivity Analysis  Year ended 31 December 2013 Total  Less than 1  year  1 – 5  years  More than  5 years  Trade and other payable  62,811  62,811  -  -  Accrued expenses  66,273  66,273  Derivative financial liabilities  366  335  31  -  Credit facilities payments, including  interest  37,037  1,600 35,437  -  Total  166,487  131,019  35,468  Year ended 31 December 2014  Total  Less than 1  year  1 – 5  years  More than  5 years  Trade and other payable  46,861  46,861  -  -  Accrued expenses  72,333  72,333  Derivative financial liabilities  130  130  Credit facilities payments, including  interest  147,994  5,502  142,492  -  Total  267,318  124,826  - 100 - 