NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 39. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D.) (b) Liquidity risk (cont’d.) The Group’s and the Company’s liquidity risk management policy is to maintain sufficient liquid financial assets and stand-by credit facilities with several banks so as to ensure that all operating, investing and financing needs are met. Analysis of financial instruments by remaining contractual maturities The table below summarises the maturity profile of the Group’s and of the Company’s liabilities at the reporting date based on contractual undiscounted repayment obligations. On demand or within One to More than one year five years five years Total RM’000 RM’000 RM’000 RM’000 Group Financial liabilities 2024 Trade and other payables 1,606,913 402,633 125,269 2,134,815 Lease liabilities 2,975 4,491 792 8,258 ICPS 2,871 11,224 – 14,095 Borrowings 1,384,896 1,123,588 54,071 2,562,555 Total undiscounted financial liabilities 2,997,655 1,541,936 180,132 4,719,723 2023 Trade and other payables 1,760,008 490,360 117,659 2,368,027 Lease liabilities 2,815 6,431 – 9,246 ICPS 7,391 42,415 9,645 59,451 Borrowings 1,505,419 1,880,796 101,334 3,487,549 Total undiscounted financial liabilities 3,275,633 2,420,002 228,638 5,924,273 Company Financial liabilities 2024 Trade and other payables 357,854 – – 357,854 ICPS 2,871 11,224 – 14,095 Borrowings 555,026 706,130 – 1,261,156 Total undiscounted financial liabilities 915,751 717,354 – 1,633,105 2023 Trade and other payables 270,115 – – 270,115 ICPS 7,391 42,415 9,645 59,451 Borrowings 276,908 876,910 – 1,153,818 Total undiscounted financial liabilities 554,414 919,325 9,645 1,483,384 ANNUAL REPORT 2024 342
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