Frontken Berhad Annual Report 2020

Annual Report 2020 131 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 28. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) 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. (i) 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, if floating, based on the rates at the end of the reporting period):- Weighted Contractual Average Effective Carrying Undiscounted Interest Rate Amount Cash Flows Within 1 year 1 – 5 years Over 5 years The Group % RM RM RM RM RM 2020 Non-derivative financial liabilities Lease liabilities 2.80 – 5.28 12,328,228 16,572,406 3,350,289 5,408,232 7,813,885 Trade payables – 18,830,813 18,830,813 18,830,813 – – Other payables and accrued expenses – 96,991,770 96,991,770 96,991,770 – – 128,150,811 132,394,989 119,172,872 5,408,232 7,813,885