NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 141 - 39. 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 30.6.2024 Non-derivative financial liabilities Trade payables 26,031,231 - - - 26,031,231 26,031,231 Other payables 87,115,205 - - - 87,115,205 87,115,205 Lease liabilities 941,879 1,048,046 151,608 - 2,141,533 2,024,532 Bank borrowings 11,936,770 5,528,749 3,870,755 - 21,336,274 19,668,968 Redeemable preference shares 1,571,496 - - - 1,571,496 1,571,496 127,596,581 6,576,795 4,022,363 - 138,195,739 136,411,432 218 DESTINI BERHAD ANNUAL REPORT 2024
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