NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 22. Financial risk management objectives and policies (Cont’d) (b) Liquidity risk (Cont’d) Analysis of financial instruments by remaining contractual maturities (Cont’d) The table below summarises the maturity profile of the Group’s and the Fund’s financial liabilities at the reporting date based on contractual undiscounted repayment obligations (Cont’d): On demand or within One to More than one year five years five years Total RM RM RM RM Group (Cont’d) As at 31 December 2022 Financial liabilities Other payables 24,504,143 4,244,681 10,032,142 38,780,966 Islamic financing 37,967,407 680,374,555 305,479,274 1,023,821,236 62,471,550 684,619,236 315,511,416 1,062,602,202 Fund As at 31 December 2023 Financial liabilities Other payables 9,277,247 1,869,586 12,381,954 23,528,787 Islamic financing 116,478,003 760,143,749 - 876,621,752 125,755,250 762,013,335 12,381,954 900,150,539 As at 31 December 2022 Financial liabilities Other payables 24,543,917 4,244,681 10,032,142 38,820,740 Islamic financing 37,967,407 680,374,555 305,479,274 1,023,821,236 62,511,324 684,619,236 315,511,416 1,062,641,976 (c) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of the Group’s and of the Fund’s financial instruments will fluctuate because of changes in the market interest rates. The Group and the Fund manage their financing rate exposure by maintaining a prudent mix of fixed and floating rate of borrowings. The Group and the Fund place cash deposits on short-term basis and therefore this allows the Group and the Fund to respond to significant changes of financing rate promptly. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 220 FINANCIAL STATEMENTS 1 2 3 4 5
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