Dagang NeXchange Berhad Annual Report 2019

FINANCIAL STATEMENTS annual report 2019 175 30. FINANCIAL INSTRUMENTS (CONTINUED) 30.5 Liquidity risk Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s exposure to liquidity risk arises principally from its various payables, loans and borrowings. The Group maintains 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. 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 Contractual Contractual Under 1 2 – 5 > 5 amount interest rate cash flows year years years Group RM’000 % RM’000 RM’000 RM’000 RM’000 2019 Non-derivative financial liabilities Trade and other payables 76,265 - 76,265 76,265 - - Loans and borrowings 66,269 5.50 - 8.35 71,876 48,803 13,488 9,585 Lease liabilities 5,827 4.46 - 6.33 6,853 3,318 3,163 372 148,361 154,994 128,386 16,651 9,957 2018 Non-derivative financial liabilities Trade and other payables 124,075 - 124,075 124,075 - - Loans and borrowings 47,575 4.46 - 8.49 53,382 30,806 10,855 11,721 171,650 177,457 154,881 10,855 11,721 Company 2019 Non-derivative financial liabilities Trade and other payables 2,296 - 2,296 2,296 - - Amount due to subsidiaries 5,428 - 5,428 5,428 - - Loans and borrowings 28,000 5.80 - 6.10 28,000 28,000 - - Lease liabilities 520 4.27 540 309 231 - 36,244 36,264 36,033 231 - 2018 Non-derivative financial liabilities Trade and other payables 2,559 - 2,559 2,559 - - Amount due to subsidiaries 12,215 - 12,215 12,215 - - Loans and borrowings 18,000 5.85 - 6.10 18,000 18,000 - - 32,774 32,774 32,774 - -