7 201 200 Notes to the Financial Statements Notes to the Financial Statements 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.4 Credit risk (continued) Intercompany loans and advances (continued) Recognition and measurement of impairment loss (continued) Company Gross carrying amount RM’000 Impairment loss allowances RM’000 Net balance RM’000 2023 Low credit risk 378,074 - 378,074 Credit impaired 5,206 (5,206) - 383,280 (5,206) 378,074 2022 Low credit risk 545,033 - 545,033 Credit impaired 1,732 (981) 751 546,765 (981) 545,784 The movement in the allowance for impairment in respect of subsidiaries’ advances during the year is as follows: Lifetime ECL RM’000 Company Balance at 1 April 2021 - Net remeasurement of loss allowance 981 Balance at 31 March/1 April 2022 981 Net remeasurement of loss allowance 4,225 Balance at 31 March 2023 5,206 30.5 Liquidity risk Liquidity risk is the risk that the Group and 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 also manages its liquidity risk by entering into supplier factoring facilities when necessary. 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 sufficient liquidity to meet its liabilities when they fall due. The Company can also demand repayment of advances/dividends from subsidiaries to meet its liability as and when they fall due. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.5 Liquidity risk (continued) 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 reporting period based on undiscounted contractual payments: Carrying amount RM’000 Contractual interest/ discount rate % Contractual cash flows RM’000 Under 1 year RM’000 1 – 2 years RM’000 2 – 5 years RM’000 More than 5 years RM’000 Group 2023 Non-derivative financial liabilities Revolving credit 55,215 2.88 - 9.04 56,570 56,570 - - - Lease liabilities 210,777 2.88 - 4.92 247,323 38,349 32,853 59,490 116,631 Bank overdrafts 3,121 2.66 - 9.50 3,230 3,230 - - - Bills payable 691,329 2.60 - 9.04 721,695 721,695 - - - Term loans 480,464 1.66 - 10.50 500,507 266,225 173,534 59,942 806 Trade and other payables 649,117 - 649,117 649,117 - - - Supplier factoring facilities 24,937 2.57 25,578 25,578 - - - 2,114,960 2,204,020 1,760,764 206,387 119,432 117,437 Derivative financial liabilities Forward exchange contracts (gross settled): Outflow - - 87,937 87,937 - - - Inflow (2,040) - (89,977) (89,977) - - - 2,112,920 2,201,980 1,758,724 206,387 119,432 117,437
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