200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 34. Financial risk management objectives and policies (cont'd) (b) Liquidity risk (cont'd) Analysis of financial instruments by remaining contractual maturities (cont'd) On demand or within One to More than one year five years five years Total RM RM RM RM 2023 Group Financial liabilities Trade and other payables 337,367,195 - - 337,367,195 Lease liabilities 2,728,817 2,890,551 - 5,619,368 Loans and borrowings 230,766,112 219,296,287 21,565,942 471,628,341 Total undiscounted financial liabilities 570,862,124 222,186,838 21,565,942 814,614,904 Company Financial liabilities Other payables and accruals 40,340,074 - - 40,340,074 Loans and borrowings 36,503,455 79,254,323 - 115,757,778 Total undiscounted financial liabilities 76,843,529 79,254,323 - 156,097,852 (c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of the Group's and the Company’s financial instruments will fluctuate because of changes in market interest rates. The Group’s primary interest rate risk relates to interest-bearing borrowings. The investments in financial assets including fixed deposits are mainly short term in nature and they are not held for speculative purposes. The Group manages its interest rate exposure by using a mix of fixed and floating rate debts and actively reviewing its debt portfolio, taking into account the investment holding period and nature of its assets. - 89 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 181 ANNUAL REPORT 2024
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