Financial Statements Financial Statements Press Metal Aluminium Holdings Berhad 282 283 Integrated Annual Report 2023 Notes to the Financial Statements Notes to the Financial Statements 28. FINANCIAL INSTRUMENTS (CONT’D) 28.5 Liquidity risk (cont’d) Maturity analysis (cont’d) Group Carrying amount RM’000 Contractual interest rate/ coupon/ discount rate % Contractual cash flows RM’000 Under 1 year RM’000 1 - 2 years RM’000 2 - 5 years RM’000 More than 5 years RM’000 2022 Non-derivative financial liabilities Trade and other payables 1,344,432 - 1,344,432 1,344,432 - - - Bank loans 1,730,310 * 1,848,979 806,148 413,510 601,362 27,959 Islamic Medium-Term Notes 2,300,000 2.69 - 4.07 2,640,870 77,305 627,305 1,304,725 631,535 Revolving credits 200,956 4.30 - 4.88 209,597 209,597 - - - Bankers’ acceptances 615,459 3.23 - 6.20 635,338 635,338 - - - Bank overdrafts 7,445 2.90 - 3.80 7,445 7,445 - - - Lease liabilities 239,143 1.80 - 3.98 296,959 35,194 30,563 70,083 161,119 6,437,745 6,983,620 3,115,459 1,071,378 1,976,170 820,613 Derivatives Commodity swaps and options 159,424 - 159,424 151,854 7,570 - - Forward exchange contracts (gross settled): Outflow - - 14,539,663 3,302,713 2,358,267 6,212,777 2,665,906 Inflow (315,454) - (14,855,117) (3,302,504) (2,401,180) (6,373,962) (2,777,471) Cross currency swaps (gross settled): Outflow - - 2,531,225 261,531 551,340 1,140,338 578,016 Inflow (18,775) - (2,550,000) (250,000) (550,000) (1,150,000) (600,000) 6,262,940 6,808,815 3,279,053 1,037,375 1,805,323 687,064 * Represents lenders’ cost of funds ranging from a margin of -2.30% to +3.00% per annum. 28. FINANCIAL INSTRUMENTS (CONT’D) 28.5 Liquidity risk (cont’d) Maturity analysis (cont’d) Company Carrying amount RM’000 Contractual interest rate % Contractual cash flows RM’000 Under 1 year RM’000 1 - 2 years RM’000 2 - 5 years RM’000 More than 5 years RM’000 2023 Non-derivative financial liabilities Trade and other payables 60,953 - 60,953 60,953 - - - Bank loans 839,567 # 944,825 364,333 295,695 284,797 - Islamic Medium-Term Notes 2,800,000 2.69 - 4.45 3,201,015 649,255 799,255 1,167,455 585,050 Financial guarantees - - 712,039 712,039 - - - 3,700,520 4,918,832 1,786,580 1,094,950 1,452,252 585,050 Derivative financial liabilities Cross currency swaps (gross settled): Outflow 69,209 - 1,569,209 586,430 528,150 206,665 247,964 Inflow - - (1,500,000) (550,000) (500,000) (200,000) (250,000) 3,769,729 4,988,041 1,823,010 1,123,100 1,458,917 583,014 2022 Non-derivative financial liabilities Trade and other payables 63,648 - 63,648 63,648 - - - Bank loans 1,229,412 * 1,281,948 569,817 322,383 389,748 - Islamic Medium-Term Notes 2,300,000 2.69 - 4.07 2,640,870 77,305 627,305 1,304,725 631,535 Financial guarantees - - 1,272,723 1,272,723 - - - 3,593,060 5,259,189 1,983,493 949,688 1,694,473 631,535 Derivative financial liabilities Commodity swaps and options 6,602 - 6,602 6,602 - - - Cross currency swaps (gross settled): Outflow - - 1,484,894 - 551,340 696,353 237,201 Inflow (15,106) - (1,500,000) - (550,000) (700,000) (250,000) 3,584,556 5,250,685 1,990,095 951,028 1,690,826 618,736 # Represents SOFR ranging from a margin of +1.50% to +3.00% per annum. * Represents lenders’ cost of funds ranging from a margin of +1.40% to +3.00% per annum.
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