NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 44. FINANCIAL INSTRUMENTS (CONT’D) 44.1 FINANCIAL RISK MANAGEMENT POLICIES (CONT’D) (c) Liquidity Risk Liquidity risk arises mainly from general funding and business activities. The Group practises prudent risk management by maintaining sufficient cash balances and the availability of funding through certain committed credit facilities. Maturity Analysis The following table sets out the maturity profile of the financial liabilities at the end of the reporting period based on contractual undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on the rates at the end of the reporting period):- The Group CONTRACTUAL INTEREST RATE % CARRYING AMOUNT RM’000 CONTRACTUAL UNDISCOUNTED CASH FLOWS RM’000 WITHIN 1 YEAR RM’000 1 – 5 YEARS RM’000 OVER 5 YEARS RM’000 2023 Non-derivative Financial Liabilities Lease liabilities 4.76 2,966 3,155 876 2,279 - Trade payables - 104,360 104,360 104,360 - - Amount owing to noncontrolling interest shareholders 5.00 24,510 32,478 1,945 8,754 21,779 Other payables, deposits and accruals - 230,175 230,175 230,175 - - Bank overdraft 6.93 17,903 17,903 17,903 - - Term loans 5.65 122,720 139,327 51,153 83,677 4,497 Sukuk Wakalah 5.25 80,000 87,549 87,549 - - Revolving credits 5.40 20,015 20,286 20,286 - - 602,649 635,233 514,247 94,710 26,276 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 232 FINANCIAL STATEMENTS
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