Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 150 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 and the Company practise 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 Average Contractual Effective Interest Carrying Undiscounted Within Over Rate Amount Cash Flows 1 year 1 - 5 years 5 years The Group % RM RM RM RM RM \2023 Non-derivative financial liabilities Lease liabilities 1.25 - 6.70 33,045,972 41,731,193 4,044,102 8,745,138 28,941,953 Trade payables - 22,989,378 22,989,378 22,989,378 - - Other payables and accrued expenses - 91,740,206 91,740,206 91,740,206 - - Bank borrowing 2.51 81,703 86,621 35,844 50,777 - 147,857,259 156,547,398 118,809,530 8,795,915 28,941,953
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