Page 246 - KWAP_Integrated-Report_2023

enricHing national Progress ENRICHING SUSTAINABLE RETURNS

notes to tHe financial statements

for the year ended 31 december 2023

34. 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
2023 RM’000 RM’000 RM’000 RM’000 RM’000

Financial Liabilities
derivatives financial liabilities 47,332 - - 3,301 50,633
trade payables 168,729 - - - 168,729
other payables and accruals 311,049 - - - 311,049
deferred income - - 83,272 - 83,272
borrowings - - 812,808 959,858 1,772,666
deferred tax - - - 15 15
lease liabilities - - 2,651 79,064 81,715
long term deposit - - - 13,491 13,491

Total Undiscounted Financial Liabilities 527,110 - 898,731 1,055,729 2,481,570

244 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INTEGRATED REPORT 2023