197 32. FINANCIAL INSTRUMENTS (continued) (v) Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s exposure to liquidity risk arises principally from its various payables and loans and borrowings. Maturity analysis The Group monitors its liquidity risk and maintains a level of cash and cash equivalents and bank facilities deemed adequate to finance the Group’s operations and to mitigate the effects of fluctuations in cash flows. The Group ensures that it has sufficient cash and available undrawn credit facilities to meet expected operational expenses, including the servicing of financial obligations. This excludes the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. The following table provides the maturity profile of the Group’s and the Company’s financial liabilities as at the end of the reporting period. The amounts are gross and undiscounted, include contractual interest payments and exclude the impact of netting arrangements: Carrying amount Contractual cash flows Within 1 year After 1 year but within 5 years After 5 years Group RM’mil RM’mil RM’mil RM’mil RM’mil 2024 Non-derivative financial liabilities Bank overdrafts 83 83 83 – – Loans and borrowings 12,926 14,780 4,280 9,504 996 Lease liabilities 1,771 3,420 410 1,382 1,628 Trade and other payables* 5,327 5,790 4,901 842 47 20,107 24,073 9,674 11,728 2,671 Derivative financial instruments Foreign exchange forward contracts (gross-settled) (54) − inflows (318) (108) (210) – − outflows 264 90 174 – Cross currency interest rate swaps (gross-settled) (92) − inflows (365) (365) – – − outflows 273 273 – – Cross currency swaps (gross-settled) (6) − inflows (570) (1) (569) – − outflows 568 – 568 – Interest rate swaps (net-settled) (4) (5) (1) (3) (1) Interest rate caps (net-settled) (3) (3) (1) (2) – (159) (156) (113) (42) (1) 19,948 23,917 9,561 11,686 2,670 * Excludes deposits, rental advance billings and contract liabilities.
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