200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 33. 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 2022 Group Financial liabilities Trade and other payables 230,710,465 - - 230,710,465 Lease liabilities 2,968,768 3,463,395 - 6,432,163 Loans and borrowings 160,907,779 182,970,325 10,312,813 354,190,917 Total undiscounted financial liabilities 394,587,012 186,433,720 10,312,813 591,333,545 Company Financial liabilities Other payables and accruals 1,393,065 - - 1,393,065 Loans and borrowings 9,523,545 102,897,778 - 112,421,323 Total undiscounted financial liabilities 10,916,610 102,897,778 - 113,814,388 (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. - 80 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 150
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