Download (PDF) - ChartNexus
Download (PDF) - ChartNexus
Download (PDF) - ChartNexus
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
22. FINANCIAl INSTRumENTS (Cont’d)<br />
22.5 liquidity risk<br />
Masterskill Education Group Berhad / Annual Report 2012<br />
101<br />
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)<br />
Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group’s<br />
exposure to liquidity risk arises principally from its various payables and borrowings.<br />
The Group maintains a level of cash and cash equivalents and bank facilities deemed adequate by the management to<br />
ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they fall due.<br />
Maturity analysis<br />
The table below summarises the maturity profile of the Group’s financial liabilities as at the end of the reporting period<br />
based on undiscounted contractual payments:<br />
Carrying Contractual Contractual under Within more than<br />
amount interest rate cash flows 1 year 2 - 5 years 5 years<br />
Group<br />
31 December 2012<br />
Non-derivative financial liabilities<br />
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000<br />
Term loan (Islamic) 53,008 5.0% - 5.7% 64,776 9,619 30,811 24,346<br />
Revolving credit (Islamic) 11,213 5.1% - 5.3% 11,231 11,231 –<br />
–<br />
Finance lease liabilities 4,044 2.2% - 4.5% 4,264 2,640 1,624 –<br />
Trade and other payables 28,268 – 28,268 28,268 –<br />
–<br />
96,533 108,539 51,758 32,435 24,346<br />
Carrying Contractual Contractual under Within more than<br />
amount interest rate cash flows 1 year 2 - 5 years 5 years<br />
Group Rm’000 Rm’000 Rm’000 Rm’000 Rm’000<br />
31 December 2011<br />
Non-derivative financial liabilities<br />
Term loan (Islamic) 43,319 4.7% - 5.4% 52,342 7,613 24,639 20,090<br />
Revolving credit (Islamic) 3,302 5.0% - 5.5% 3,437 2,267 1,170 –<br />
Finance lease liabilities 7,555 2.2% - 4.5% 8,191 3,448 4,743 –<br />
Trade and other payables 63,659 – 63,659 63,659 – –<br />
117,835 127,629 76,987 30,552 20,090<br />
1 January 2011<br />
Non-derivative financial liabilities<br />
Term loan (Islamic) 29,615 4.8% - 4.9% 36,071 5,337 17,433 13,301<br />
Revolving credit (Islamic) 5,440 4.9% 5,746 2,340 3,406 –<br />
Finance lease liabilities 10,433 2.2% - 4.5% 11,674 3,228 8,446 –<br />
Trade and other payables 75,420 – 75,420 75,420 –<br />
–<br />
120,908 128,911 86,325 29,285 13,301
Change language