200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 34. Financial risk management objectives and policies (cont'd) (b) Liquidity risk (cont'd) Analysis of financial instruments by remaining contractual maturities (cont'd) On demand or within One to More than one year five years five years Total RM RM RM RM 2020 Group Financial liabilities Trade and other payables 273,946,217 - - 273,946,217 Lease liabilities 3,230,854 3,273,038 - 6,503,892 Loans and borrowings 282,542,128 134,092,218 8,237,017 424,871,363 Total undiscounted financial liabilities 559,719,199 137,365,256 8,237,017 705,321,472 Company Financial liabilities Other payables 470,696 - - 470,696 Total undiscounted financial liabilities 470,696 - - 470,696 (c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of the Group's and the Company’s financial instruments will fluctuate because of changes in market interest rates. The Group’s primary interest rate risk relates to interest-bearing borrowings. The investments in financial assets including fixed deposits are mainly short term in nature and they are not held for speculative purposes. The Group manages its interest rate exposure by using a mix of fixed and floating rate debts and actively reviewing its debt portfolio, taking into account the investment holding period and nature of its assets. - 98 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 158
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