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 2021 Group Financial liabilities Trade and other payables 242,446,723 - - 242,446,723 Lease liabilities 2,671,457 2,658,879 - 5,330,336 Loans and borrowings 162,925,222 152,815,509 - 315,740,731 Total undiscounted financial liabilities 408,043,402 155,474,388 - 563,517,790 Company Financial liabilities Other payables 1,184,706 - - 1,184,706 Loans and borrowings 3,000,000 75,000,000 - 78,000,000 Total undiscounted financial liabilities 4,184,706 75,000,000 - 79,184,706 (c) Interest rate risk 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. 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. - 99 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 164
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