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Annual Report 2017
203
Notes to the
financial statements
31 march 2017
37. Financial risk management objectives and policies (cont’d.)
(b) Liquidity/funding risk
The Group defines liquidity/funding risk as the risk that funds will not be available to meet liabilities as they fall due.
The Group actively manages its operating cash flows and the availability of funding so as to ensure that all funding
needs are met. As part of its overall prudent liquidity management, the Group maintains sufficient levels of cash or
cash convertible instruments to meet its working capital requirements. To ensure availability of funds, the Group closely
monitors its cash flow position on a regular basis.
Analysis of financial instruments by remaining contractual maturities
The table below summarises the maturity profile of the Company’s liabilities at the reporting date based on contractual
undiscounted repayment obligations.
Contractual cashflow
on demand or
within one year
2017
2016
RM’000
RM’000
Group
Financial liabilities:
Trade and other payables
112,459
85,388
Borrowings
14,516
15,281
Total undiscounted financial liabilities
126,975
100,669
Company
Financial liabilities:
Trade and other payables
1,432
1,348
Due to subsidiaries
17,573
25,344
Borrowings
14,516
13,020
Total undiscounted financial liabilities
33,521
39,712