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