Yinson Annual Report 2020

311 Annual Report 2020 42. Financial risk management objectives and policies (continued) (c) Liquidity risk (continued) The table below summarises the maturity profile of the Group’s and the Company’s financial liabilities based on contractual undiscounted repayment obligations. (continued) On demand or within one year Two to five years Over five years Total Company RM’000 RM’000 RM’000 RM’000 31 January 2020 Trade and other payables 613,312 486,832 - 1,100,144 Loans and borrowings 57,392 - - 57,392 Lease liabilities 323 - - 323 Financial guarantee ^ 197,898 843,746 373,394 1,415,038 Total undiscounted financial liabilities 868,925 1,330,578 373,394 2,572,897 31 January 2019 Trade and other payables 6,104 584,382 - 590,486 Loans and borrowings 45,867 - - 45,867 Financial guarantee ^ 125,406 390,328 - 515,734 Total undiscounted financial liabilities 177,377 974,710 - 1,152,087 ^ The maximum amount of the financial guarantees issued to the banks for subsidiaries’ borrowings is limited to the amount utilised by the subsidiaries. The earliest period any of the financial guarantees can be called upon by banks is within the next 12 months. The Company believes that the liquidity risk in respect of the financial guarantees is minimal as it is unlikely that the subsidiaries will not make payment to the banks when due. 43. Segment information For management purposes, the Group is organised into business units based on their products and services, and has the following reportable operating segments as follows: (i) Offshore & Marine - This segment comprises provision of vessels and marine related services. (ii) Other operations - This segment comprises of investment, management services and treasury services. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which, in certain respects as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. Group financing (including finance costs) and income taxes are managed on a group basis and are not allocated to operating segments.