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Masterskill Education Group Berhad / Annual Report 2012<br />
102<br />
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)<br />
22. FINANCIAl INSTRumENTS (Cont’d)<br />
22.5 liquidity risk (Cont’d)<br />
Maturity analysis (Cont’d)<br />
Carrying Contractual Contractual under Within more than<br />
amount interest rate cash flows 1 year 2 - 5 years 5 years<br />
Company Rm’000 Rm’000 Rm’000 Rm’000 Rm’000<br />
31 December 2012<br />
Non-derivative financial liabilities<br />
Trade and other payables 345 – 345 345 – –<br />
31 December 2011<br />
Non-derivative financial liabilities<br />
Trade and other payables 5,124 – 5,124 5,124 – –<br />
1 January 2011<br />
Non-derivative financial liabilities<br />
Trade and other payables 1,468 – 1,468 1,468 – –<br />
The balances in the above table will not agree directly with the balances in the statements of financial position as the table<br />
incorporates, on an undiscounted basis, all cash flows relating to principal and future coupon payments.<br />
22.6 market risk<br />
Market risk is the risk that changes in market prices, such as interest rates and other prices will affect the Group’s financial<br />
position or cash flows.<br />
22.7 Interest rate risk<br />
The Group’s exposure to changes in interest rate relates primarily to interest-earning financial assets and interest-bearing<br />
financial liabilities. Interest rate risk is managed by the Group on an ongoing basis with the primary objective of limiting the<br />
extent to which net interest expense could be affected by adverse movements in interest rates.<br />
Exposure to interest rate risk<br />
The interest rate profile of the Group’s significant interest-earning and interest-bearing financial instruments, based on<br />
carrying amounts as at the end of the reporting period was:<br />
Group Company<br />
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011<br />
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000<br />
Fixed rate instruments<br />
Financial assets<br />
Deposits placed with licensed bank 18,745 107,992 135,055 800 88,753 106,676<br />
Financial liabilities<br />
Finance lease liabilities (4,044) (7,555) (10,433) –<br />
14,701 100,437 124,622 800 88,753 106,676<br />
–<br />
–