Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 366 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 41. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTD.) (b) Liquidity risk (contd.) Analysis of financial instruments by remaining contractual maturities (contd.) The table below summarises the maturity profile of the Group’s and the Company’s liabilities at the reporting date based on contractual undiscounted repayment obligations (contd.). Company On demand or within one year RM’000 One to five years RM’000 More than five years RM’000 Total RM’000 2022 Financial liabilities: Other payables 26,405 - - 26,405 Lease liabilities 9,700 20,901 - 30,601 Loans and borrowings: - Revolving credit 52,000 - - 52,000 - IMTNs - 296,970 - 296,970 Total undiscounted financial liabilities 88,105 317,871 - 405,976 (c) Foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange rates relates primarily to the Group’s operating activities (when revenue or expense is denominated in a foreign currency) and the Group’s net investments in foreign subsidiaries. The Group operates internationally and is exposed to various currencies, mainly Singapore Dollar (“SGD”), Taiwanese Dollar (“TWD”), Indonesian Rupiah (“IDR”), United Arab Emirates Dirham (“AED”), Saudi Arabia Riyal (“SAR”) and New Zealand Dollar (“NZD”). The Group maintains a natural hedge, whenever possible, by borrowing in the currency of the country in which the investments are located or by borrowing in currencies that match the future revenue stream to be generated from its investments. As and when the Group undertakes significant transactions denominated in foreign currencies, with continuing exposure over the applicable periods of settlement, the Group evaluates its exposure and the necessity to hedge such exposure, as well as the availability and cost of such hedging instruments.
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