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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
38. Financial risk management objectives and policies (cont’d)
(c) Liquidity risk (cont’d)
Analysis of financial instruments by remaining contractual maturities (cont’d)
Within 1 to 5
Group Note 1 year
years Total
31 December 2011
Financial assets:
Non-derivative
RM’000 RM’000 RM’000
Trade and other receivables 24 309,030 4,523 313,553
Cash, bank balances and deposits 26 235,697 – 235,697
Total undiscounted financial assets 544,727 4,523 549,250
Financial liabilities:
Non-derivative
Borrowings 28 525,383 38,070 563,453
Interest payable on borrowings 3,665 700 4,365
Trade payables and other payables 29 178,976 – 178,976
Derivative
Foreign currency forward contracts 34 419 – 419
Interest rate swaps 34 – 865 865
Total undiscounted financial liabilities 708,443 39,635 748,078
Total net undiscounted financial liabilities (163,716) (35,112) (198,828)
Group
31 December 2010
Financial assets:
Non-derivative
Trade and other receivables 24 258,768 2,607 261,375
Cash, bank balances and deposits 26 119,244 – 119,244
Derivative
Foreign currency forward contracts 34 1,162 – 1,162
Total undiscounted financial assets 379,174 2,607 381,781
Financial liabilities:
Non-derivative
Borrowings 28 618,648 82,392 701,040
Interest payable on borrowings 4,624 2,355 6,979
Trade and other payables 29 146,175 – 146,175
Derivative
Foreign currency forward contracts 34 1 – 1
Interest rate swaps 34 – 1,375 1,375
Total undiscounted financial liabilities 769,448 86,122 855,570
Total net undiscounted financial liabilities (390,274) (83,515) (473,789)
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 157