FINANCIAL STATEMENT & OTHER INFORMATION 192 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 Al-`Aqar Healthcare REIT | Annual Report 2024 22. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D) (b) Liquidity risk Liquidity risk is the risk that the Group and the Fund will encounter difficulty in meeting financial obligations due to shortage of funds. The Group’s and the Fund’s exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. The Group’s and the Fund’s objective is to maintain a balance between continuity of funding and flexibility through the use of stand-by credit facilities. The Group and the Fund manage their operating cash flows and the availability of funding so as to ensure that refinancing, repayment and funding needs are met. As part of their overall liquidity management, the Group and the Fund maintain sufficient levels of cash and bank balances to meet their working capital requirements. Analysis of financial instruments by remaining contractual maturities The table below summarises the maturity profile of the Group’s and the Fund’s financial liabilities at the reporting date based on contractual undiscounted repayment obligations: On demand or within one year RM One to five years RM More than five years RM Total RM Group As at 31 December 2024 Financial liabilities Other payables 8,979,061 1,116,129 12,381,954 22,477,144 Islamic financing 143,038,713 697,609,436 - 840,648,149 152,017,774 698,725,565 12,381,954 863,125,293 As at 31 December 2023 Financial liabilities Other payables 10,318,613 1,869,586 12,381,954 24,570,153 Islamic financing 116,478,003 760,143,749 - 876,621,752 126,796,616 762,013,335 12,381,954 901,191,905
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