Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 159 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 28. FINANCIAL INSTRUMENTS (CONT’D) (a) Financial Risk Management Policies (Cont’d) Liquidity risk (Cont’d) (i) Maturity analysis (Cont’d) 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): (Cont’d) Contractual Carrying Undiscounted Within Amount Cash Flows 1 year The Company RM RM RM 2022 Non-derivative financial liabilities Other payables and accrued expenses 4,349,367 4,349,367 4,349,367 Financial guarantee contracts in relation to corporate guarantee given to subsidiaries - 19,719,600 19,719,600 4,349,367 24,068,967 24,068,967 Contractual Carrying Undiscounted Within Amount Cash Flows 1 year The Company RM RM RM 2021 Non-derivative financial liabilities Other payables and accrued expenses 5,445,124 5,445,124 5,445,124 Financial guarantee contracts in relation to corporate guarantee given to subsidiaries - 33,255 33,255 5,445,124 5,478,379 5,478,379 The contractual undiscounted cash flows of the financial guarantee contracts represent the outstanding credit facilities of the subsidiaries at the end of the reporting period. The financial guarantees have not been recognised in the financial statements since their fair value on initial recognition were not material.
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