322 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 42 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk Liquidity risk is the risk that the Group or the Company will not be able to meet its financial obligations as they fall due. The Group’s and the Company’s exposure to liquidity risk arises principally from its trade and other payables and loans and borrowings. The Group and the Company maintain a level of cash and cash equivalents and bank facilities deemed adequate by the management to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they fall due. As at 31 December 2025, there are sufficient facilities available that can be used to refinance borrowings, capital expenditure and general working capital requirements of the Group and the Company. Details of liquidity risk are disclosed in Note 24 to the financial statements. All financial liabilities of the Group and the Company that will be due and payable within the next 12 months are classified within current liabilities. The contractual cash flows of derivative financial liabilities and non-derivative financial liabilities are presented below: Group Within 1 year RM’000 More than 1 year and less than 2 years RM’000 More than 2 years and less than 5 years RM’000 More than 5 years RM’000 Total contractual undiscounted cash flows RM’000 Total carrying amount RM’000 2025 Non-derivative financial liabilities Lease liabilities 34,265 36,106 96,481 163,818* 330,670 253,153 Trade and other payables 359,661 11,842 - - 371,503 371,503 Amounts owing to joint ventures 559 - - - 559 559 Loans and borrowings 260,600 40,415 65,114 - 366,129 351,407 655,085 88,363 161,595 163,818 1,068,861 976,622 Derivative financial liabilities Forward currency contracts Gross settled - outflow 197,339 11,325 - - 208,664 - inflow (195,093) (11,188) - - (206,281) 2,246 137 - - 2,383 2,383 657,331 88,500 161,595 163,818 1,071,244 979,005 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 20 years.
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