NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) 46. FINANCIAL INSTRUMENTS (CONT’D) (b) Financial risk management objectives and policies (cont’d) (i) Credit risk (cont’d) In addition, the Group also determines the concentration of credit risk by monitoring, on an ongoing basis, its trade and financing receivables based on the countries where the customer has operations. The credit risk concentration profile of trade and financing receivables at the end of the reporting period is as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Malaysia 617,285 594,002 1,030 2,128 Outside Malaysia 6,500 16,050 6,500 - 623,785 610,052 7,530 2,128 (ii) Liquidity risk Liquidity risk refers to the risk that the Group or the Company will encounter difficulty in meeting to financial obligations as they fall due. The Group’s and the Company’s exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. The Group’s and the Company’s funding requirements and liquidity risk are managed with the objective of meeting business obligations on a timely basis. The Group and the Company finance their liquidity through internally generated cash flows and minimises liquidity risk by keeping committed credit lines available. On demand within 1 year 2 to 5 years More than 5 years Total contractual cash flows Total carrying amounts RM’000 RM’000 RM’000 RM’000 RM’000 Group 2022 Non-derivative financial liabilities Trade payables 106,412 - - 106,412 106,412 Other payables 72,232 - - 72,232 72,232 Amount due to associates 22 - - 22 22 Term loans 33,330 110,855 20,553 164,738 148,500 Revolving credit 121,700 - - 121,700 121,700 Sukuk wakalah 8,700 184,800 - 193,500 150,000 Block discounting 8,223 17,561 - 25,784 22,858 Lease liabilities 11,043 34,700 - 45,743 40,273 361,662 347,916 20,553 730,131 661,997 234
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