WASCO BERHAD 298 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 43 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk (continued) Company Within 1 year RM’000 Total contractual undiscounted cash flows RM’000 Total carrying amount RM’000 2024 Non-derivative financial liabilities Financial guarantees* 297,397 297,397 - Other payables and accruals 964 964 964 Amounts owing to subsidiaries 68,379 68,379 66,420 366,740 366,740 67,384 2023 Non-derivative financial liabilities Financial guarantees* 368,960 368,960 - Other payables and accruals 1,148 1,148 1,148 Amounts owing to subsidiaries 35,433 35,433 35,433 Loans and borrowings 47,826 47,826 45,000 453,367 453,367 81,581 * This represents the maximum exposure to the Company in the event that the financial guarantee contracts issued by the Company to its subsidiaries are called upon. These liabilities have been included in the consolidated statement of financial position of the Group and hence will not result in any additional liability to the Group.
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