NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 136 - 38. Financial Instruments (Cont’d) (b) Financial risk management objectives and policies (Cont’d) (ii) Liquidity risk Liquidity risk refers to the risk that the Group or the Company will encounter difficulty in meeting its financial obligations as they fall due. The Group’s and the Company’s exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. The Group’s and the Company’s funding requirements and liquidity risk is managed with the objective of meeting business obligations on a timely basis. The Group and the Company finance their liquidity through internally generated cash flows and minimises liquidity risk by keeping committed credit lines available. The following table analyses the remaining contractual maturity for financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group and the Company can be required to pay. Total Total On demand contractual carrying within 1 year 1 - 2 years 2 - 5 years > 5 years cash flows amount RM RM RM RM RM RM Group 2021 Non-derivative financial liabilities Trade payables 77,115,461 - - - 77,115,461 77,115,461 Other payables 56,493,362 - - - 56,493,362 56,493,362 Lease liabilities 1,336,675 621,420 526,720 179,759 2,664,574 2,464,601 Bank borrowings 91,333,741 9,554,207 4,604,456 33,900 105,526,304 104,155,998 Redeemable preference shares 1,532,212 - - - 1,532,212 1,532,212 227,811,451 10,175,627 5,131,176 213,659 243,331,913 241,761,634 213 ANNUAL REPORT 2021 • DESTINI BERHAD
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