Fraser & Neave Holdings Bhd Annual Report 2021

30. FINANCIAL INSTRUMENTS #CONTINUED$ #E$ LIQUIDITY RISK Liquidity risk is the risk that the Group or the Company will not be able to meet its financial obligations as they fall due. The Group’s and the Company’s exposure to liquidity risk arises principally from its various payables, loans and borrowings. The Group and the Company maintain a level of cash and cash equivalents and bank facilities deemed adequate by the management to ensure, as far as possible, that it will have su&cient liquidity to meet its liabilities when they fall due. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly di!erent amounts. Maturity analysis The table below summarises the maturity profile of the Group’s and the Company’s financial liabilities as at the end of the financial year based on undiscounted contractual payments: Note Carrying amount RM’000 Contractual interest rate/ Discount rate % Contractual cash flows RM’000 Under 1 year RM’000 1-5 years RM’000 More than 5 years RM’000 2021 Group Interest-bearing borrowings 17 1,000 2.45 1,024 1,024 – – Financial guarantees – – 14,775 14,775 – – Trade and other payables 542,862 – 542,862 542,862 – – Other payables – interest-bearing deposits 30(f)(ii) 13,046 1.75 13,274 13,274 – – Lease liabilities 64,047 3.25-5.32 100,244 13,404 26,759 60,082 Derivative financial liabilities 14 166 – 166 166 – – 621,121 672,345 585,505 26,759 60,082 Company Financial guarantees – – 1,024 1,024 – – Other payables 19 86,445 – 86,445 86,445 – – 86,445 87,469 87,469 – – 2020 Group Interest-bearing borrowings 17 91,868 2.44 93,944 93,944 – – Financial guarantees – – 15,591 15,591 – – Trade and other payables 498,232 – 498,232 498,232 – – Other payables – interest-bearing deposits 30(f)(ii) 12,748 2.40 13,054 13,054 – – Lease liabilities 24,457 2.37-5.32 25,667 14,092 10,738 837 Derivative financial liabilities 14 367 – 367 367 – – 627,672 646,855 635,280 10,738 837 Company Financial guarantees – – 93,944 93,944 – – Other payables 19 89,316 – 89,316 89,316 – – 89,316 183,260 183,260 – – 236 NOTES TO THE F INANCIAL STATEMENTS