SECTION 4: FINANCIAL PERFORMANCE 218Registration No: 199301009307 (264044-M) 80 31. FINANCIAL INSTRUMENTS (CONT’D) 31.2 Financial risk management objectives and policies (cont’d) Financial risk (cont’d) The main areas of financial risks faced by the Group and the Company and the policy in respect of the major areas of treasury activity are set out as follows (cont’d):- (b) Liquidity risk (cont’d) The summary of the maturity profile based on contractual undiscounted repayment obligations are as below (cont’d):- Carrying amount Contractual cash flows Within 1 year RM’000 RM’000 RM’000 Company (cont’d) 2022 Financial liabilities Other payables 1,183 1,183 1,183 Dividend payable 12,500 12,500 12,500 13,683 13,683 13,683 Corporate guarantee given to financial institutions for banking facilities and finance lease arrangement granted to subsidiaries - 82,151 82,151 (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 and Company’s exposure to interest rate risk arises primarily from interest bearing borrowings. As the Group and the Company have no significant interest-bearing financial assets, the Group’s and the Company’s income and operating cash flows are substantially independent of changes in market interest rates. The Group’s and the Company’s interest-bearing financial assets are mainly short term in nature and have been mostly placed in fixed deposits.
RkJQdWJsaXNoZXIy NDgzMzc=