Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (cont’d) E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 105 33. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) (ii) Liquidity and cash flow risk The Group actively manages its debt maturity profile, operating cash flows and the availability of funding so as to ensure that all operating, investing and financing needs are met. In liquidity risk management strategy, the Group measures and forecasts its cash commitments and maintains a level of cash and cash equivalents deemed adequate to finance the Group’s activities. The Group is actively managing its operating cash flows to ensure that all commitments and funding needs are met. Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding through an adequate amount of committed credit facilities. Due to the dynamic nature of the underlying businesses, the Group aims at maintaining flexibility in funding by keeping committed credit lines available. Analysis of financial instruments by remaining contractual maturities The table below summarises the maturity profile of the Group’s and the Company’s liabilities at the end of the reporting period based on contractual undiscounted repayment obligations. On demand or within one year One to five years Over five years Total RM RM RM RM As at 31 December 2015 Group Financial liabilities Trade and other payables 3,577,383 - - 3,577,383 Borrowings 981,108 3,924,432 1,296,678 6,202,218 Total undiscounted financial liabilities 4,558,491 3,924,432 1,296,678 9,779,601 Company Financial liabilities Trade and other payables 2,213,815 - - 2,213,815 Borrowings 981,108 3,924,432 1,296,678 6,202,218 Total undiscounted financial liabilities 3,194,923 3,924,432 1,296,678 8,416,033 On demand or within one year One to five years Over five years Total RM RM RM RM As at 31 December 2014 Group Financial liabilities Trade and other payables 3,402,578 - - 3,402,578 Borrowings 1,033,068 3,924,432 2,277,786 7,235,286 Total undiscounted financial liabilities 4,435,646 3,924,432 2,277,786 10,637,864 Company Financial liabilities Trade and other payables 2,581,140 - - 2,581,140 Borrowings 1,033,068 3,924,432 2,277,786 7,235,286 Total undiscounted financial liabilities 3,614,208 3,924,432 2,277,786 9,816,426