PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 186 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 37. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) (iii) Liquidity and cash flow risks The Group actively manages its debt maturity profile, operating cash flows and the availability of funding so as to ensure that all operating, investing and financing needs are met. In liquidity risk management strategy, the Group measures and forecasts its cash commitments and maintains a level of cash and cash equivalents deemed adequate to finance the Group’s activities. 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 end of the reporting period based on contractual undiscounted repayment obligations. On demand or within one year One to five years Over five years Total RM’000 RM’000 RM’000 RM’000 Group As at 31 December 2019 Financial liabilities Trade and other payables 121,591 11,990 - 133,581 Borrowings 14,087 12,109 16,645 42,841 Total undiscounted financial liabilities 135,678 24,099 16,645 176,422 As at 31 December 2018 Financial liabilities Trade and other payables 150,385 3,339 - 153,724 Borrowings 28,748 8,380 13,440 50,568 Total undiscounted financial liabilities 179,133 11,719 13,440 204,292 Company As at 31 December 2019 Financial liabilities Other payables 11,265 - - 11,265 Borrowings 8,919 - - 8,919 Total undiscounted financial liabilities 20,184 - - 20,184 As at 31 December 2018 Financial liabilities Other payables 4,617 - - 4,617 Borrowings 15,858 - - 15,858 Total undiscounted financial liabilities 20,475 - - 20,475