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FoR BetteR RetuRns Annual Report 2022 241

notes to the
financial statements
for the year ended 31 december 2022

33. FINANCIAL RISK (CONTINUED)
(e) Liquidity risk

liquidity risk is the risk of difficulty to fulfil the financial obligations of the group and KWap due to the shortage of
funds. exposure to liquidity risk arises from the mismatch of maturities of financial assets and financial liabilities.

the group and KWap actively manage their debt maturity profile, operating cash flows and the availability of
funding to ensure the fulfilment of all refinancing, repayment and funding requirements. as part of the overall
prudent liquidity management, the group and KWap maintain a portfolio of highly liquid assets to meet the working
capital and investment requirements.
in addition, the group and KWap maintain a balanced and flexible funding structure through the use of credit
facilities, short as well as long term borrowings. short term flexibility is achieved through credit facilities and short
term borrowings.

the table below summarises the maturity profile of the group’s and of KWap’s financial liabilities based on
contractual undiscounted repayment obligations.

Group

Less
On Than 3 3 to 12 1 to 5
Demand Months Months Years Total
2022 RM’000 RM’000 RM’000 RM’000 RM’000

Financial Liabilities
derivatives financial liabilities - - - 800 800
trade payables 641,183 797,890 983,864 - 2,422,937
borrowings - - 279,184 1,072,380 1,351,564
other payables and accruals 310,558 - - - 310,558
deferred income - - 50,635 - 50,635
deferred tax - - - 22 22
long term deposit - - - 7,161 7,161
lease liabilities - - 2,399 110,139 112,538
Total Undiscounted Financial Liabilities 951,741 797,890 1,316,082 1,190,502 4,256,215