p 291 MISC BERHAD - Annual Report 2014 35. Financial risk management objectives and policies (cont’d.) (c) Liquidity risk Liquidity risk is the risk that the Group and the Corporation will encounter difficulty in meeting their financial obligations due to shortage of funds. The Group and the Corporation’s exposure to liquidity risk arise primarily from mismatches of the maturities of financial assets and liabilities. The Group and the Corporation’s objective are to maintain a balance between continuity of funding and flexibility through the use of bank loans and various other sources of funding. The Group and the Corporation have at their disposal cash and short term deposits amounting to RM4,838,829,000 (2013: RM4,747,735,000) and RM2,581,274,000 (2013: RM2,107,345,000) respectively. As at 31 December 2014, the Group and the Corporation have unutilised credit lines of RM3.6 billion (2013: RM1.2 billion) and RM2.7 billion (2013: RM1.2 billion) respectively, which could be used for working capital purposes.
RkJQdWJsaXNoZXIy NDgzMzc=