NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 43. FINANCIAL INSTRUMENTS (CONT’D) 43.2 CAPITAL RISK MANAGEMENT T he Group and the Company manages their capital to ensure that entities within the Group will be able to maintain an optimal capital structure so as to support their businesses and maximise shareholders’ value. To achieve this objective, the Group and the Company may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares. T he Group and the Company manage their capital based on debt-to-equity ratio. The debt-to-equity ratio of the Group and the Company at the end of the reporting period is not presented as its cash and cash equivalents exceeded the total external borrowings. There were no changes in the approach to capital management during the financial year. 43.3 CLASSIFICATION OF FINANCIAL INSTRUMENTS THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Financial Assets Amortised cost Trade receivables (Note 15) 255,069 269,707 – – Other receivables and deposits (Note 12) 54,283 38,409 4 3 Amount owing by subsidiaries (Note 13) – – 838,735 878,183 Fixed deposits with licensed banks 33,577 59,181 2,277 31,600 Cash and bank balances 342,001 191,051 61,107 25,169 684,930 558,348 902,123 934,955 Financial Liabilities Amortised cost Lease liabilities (Note 23) 5,036 2,966 – – Term loans (Note 24) 111,654 122,720 – – Trade payables (Note 26) 148,354 104,360 – – Other payables, deposits and accruals (Note 27) 239,473 254,685 31,476 25,883 Amount owing to subsidiaries (Note 13) – – 89,228 151,331 Bank overdrafts 13,716 17,903 – 4,001 Sukuk Wakalah (Note 22) 20,000 80,000 20,000 80,000 Revolving credits (Note 25) – 20,015 – – 538,233 602,649 140,704 261,215 FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 216
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