339 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 41. 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 Group (continued) RM million RM million RM million RM million 31 January 2021 Trade and other payables 784 75 22 881 Loans and borrowings 1,344 2,889 2,750 6,983 Lease liabilities 16 13 - 29 Gross settled interest rate swaps - Receipts (7) (62) (110) (179) - Payments 66 221 119 406 Put option liability 181 - - 181 Total undiscounted financial liabilities 2,384 3,136 2,781 8,301 Company 31 January 2022 Trade and other payables 233 816 - 1,049 Loans and borrowings 60 1,200 - 1,260 Lease liabilities 3 2 - 5 Financial guarantee ^ 3,734 - - 3,734 Total undiscounted financial liabilities 4,030 2,018 - 6,048 31 January 2021 Trade and other payables 163 865 - 1,028 Lease liabilities 3 5 - 8 Financial guarantee ^ 1,722 - - 1,722 Total undiscounted financial liabilities 1,888 870 - 2,758 ^ 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.
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