My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 220 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 47. FINANCIAL INSTRUMENTS (CONT’D) 47.1 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, or if floating, based on the rates at the end of the reporting period):- Contractual Interest Rate Carrying Amount Contractual Undiscounted Cash Flows Within 1 Year 1 - 5 Years Over 5 Years % RM’000 RM’000 RM’000 RM’000 RM’000 The Group 2020 Non-derivative Financial Liabilities Lease liabilities 3.12 - 6.36 5,457 6,165 4,762 1,403 - Term loans 3.34 - 6.45 128,010 140,111 24,768 88,486 26,857 Revolving credit 3.66 - 5.36 21,100 21,233 21,233 - - Block discounting 3.86 - 6.76 16,408 18,295 6,477 11,818 - Trade payables - 72,404 72,404 72,404 - - Other payables and accruals - 26,428 26,428 26,428 - - Amount owing to an associate - 33 33 33 - - 269,840 284,669 156,105 101,707 26,857 2019 Non-derivative Financial Liabilities Lease liabilities 4.35 - 6.03 9,696 10,090 6,043 4,047 - Term loans 4.64 - 7.70 137,749 160,004 24,706 98,063 37,235 Revolving credit 5.49 - 5.72 21,100 21,326 21,326 - - Block discounting 3.86 - 6.74 17,152 19,553 5,611 13,942 - Trade payables - 102,237 102,237 102,237 - - Other payables and accruals - 30,051 30,051 30,051 - - 317,985 343,261 189,974 116,052 37,235