MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 4 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Financial risk management policies (continued) Liquidity risk (continued) Surplus cash is invested in profit bearing current accounts, time deposits, money market deposits and marketable securities, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient headroom as determined by the above-mentioned forecasts. At the reporting date, the Group held cash investments of RM143,652,000 (2018: RM148,786,000) and other liquid assets of RM26,884,000 (2018: RM42,777,000) that are expected to readily generate cash inflows for managing liquidity risk. At the reporting date, the Company held cash investments of RM29,282,000 (2018: RM115,071,000) and other liquid assets of RM5,071,000 (2018: RM1,327,000) that are expected to readily generate cash inflows for managing liquidity risk. The table below analyses the Group’s non-derivative financial liabilities into relevant maturity groupings based on the remaining maturity periods at the reporting date to the contractual maturity dates. Derivative financial liabilities are included in the analysis if their contractual maturities are essential for an understanding of the timing of the cash flows. The table below summaries the maturity profile of the Group’s and Company’s financial liabilities based on the remaining maturity periods at the statement of financial position date. The amounts disclosed in the table are based on contractual undiscounted cash flows. Less than Between 1 Between 2 Over Group 1 year and 2 years and 5 years 5 years Total RM’000 RM’000 RM’000 RM’000 RM’000 At 31 December 2019 Payables 129,457 - - - 129,457 Loan due to a related company 70,431 - - - 70,431 Amounts due to other related companies 2,059 - - - 2,059 Amount due to FELDA 50 - - - 50 Amount due to ultimate holding company 14,246 - - - 14,246 Borrowings 477,789 66,787 259,161 423,857 1,227,594 Lease liabilities 1,210 1,052 1,243 5,961 9,466 Total undiscounted financial liabilities 695,242 67,839 260,404 429,818 1,453,303 At 31 December 2018 Payables 262,148 32 - - 262,180 Loan due to a related company 30,365 - - - 30,365 Amounts due to other related companies 2,844 - - - 2,844 Amount due to FELDA 50 - - - 50 Amount due to ultimate holding company 9,213 - - - 9,213 Borrowings 742,757 191,855 528,973 82,449 1,546,034 Lease liabilities 1,617 1,210 2,090 6,168 11,085 Total undiscounted financial liabilities 1,048,994 193,097 531,063 88,617 1,861,771 MSM Malaysia Holdings Berhad | Annual Report 2019 152