38. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) (iii) Liquidity and cash flow risks (continued) Analysis of financial instruments by remaining contractual maturities (continued) 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 (continued). On demand or within One to five Over five one year years years Total RM’000 RM’000 RM’000 RM’000 Group As at 31 December 2020 Financial liabilities Trade and other payables 99,368 13,345 - 112,713 Borrowings 5,713 44,049 24,108 73,870 Total undiscounted financial liabilities 105,081 57,394 24,108 186,583 Company As at 31 December 2021 Financial liabilities Other payables 34,440 - - 34,440 Total undiscounted financial liabilities 34,440 - - 34,440 As at 31 December 2020 Financial liabilities Other payables 31,693 - - 31,693 Total undiscounted financial liabilities 31,693 - - 31,693 (iv) Credit risk Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed on all customers requiring credit over a certain amount and the Group regularly follows up on receivables outstanding beyond their stipulated time threshold for payments. The Group does not require collateral in respect of financial assets. Exposure to credit risk At the end of the reporting period, the Group’s and the Company’s maximum exposure to credit risk is represented by the carrying amount of each class of financial assets recognised in the statements of financial position. NOTES TO THE FINANCIAL STATEMENTS P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 188 31 December 2021 (cont’d)
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