4 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Financial risk management policies (continued) Liquidity risk (continued) Cash flow forecasting is performed in the operating entities of the Group and then aggregated by management. Management monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining sufficient headroom on its undrawn committed borrowing facilities at all times so that the Group does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities. Such forecasting takes into consideration the Group’s debt financing plans, covenant compliance, compliance with internal statements of financial position ratio targets. As at 31 December 2024, the Group has undrawn committed borrowing facilities amounting to RM1,660 million (2023: RM1,739 million), which are available unconditionally to the Group. Surplus cash is invested in profit bearing current accounts, time deposits, money market deposits and marketable securities, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient headroom as determined by the above-mentioned forecasts. The table below analyses the Group’s non-derivative financial liabilities and net-settled derivative financial liabilities into relevant maturity groupings based on the remaining maturity periods at the reporting date to the contractual maturity dates. The table below summaries the maturity profile of the Group’s and Company’s financial liabilities based on the remaining maturity periods at the statement of financial position date. The amounts disclosed in the table below are based on contractual undiscounted cash flows: Group Less than 1 year RM’000 Between 1 and 2 years RM’000 Between 2 and 5 years RM’000 Over 5 years RM’000 Total RM’000 At 31 December 2024 LLA liability 306,256 322,904 959,382 30,236,366 31,824,908 Amount due to ultimate holding company 224,972 – – – 224,972 Amounts due to other related companies 5,572 – – – 5,572 Amount due to a joint venture 238 – – – 238 Amount due to an associate 539 – – – 539 Borrowings 2,530,100 343,073 970,649 388,294 4,232,116 Lease liabilities 61,657 83,040 111,979 386,604 643,280 Payables 2,047,538 – – – 2,047,538 Total undiscounted financial liabilities 5,176,872 749,017 2,042,010 31,011,264 38,979,163 At 31 December 2023 LLA liability 268,741 274,290 866,907 32,428,722 32,838,660 Amount due to ultimate holding company 276,663 – – – 276,663 Amounts due to other related companies 5,950 – – – 5,950 Amount due to a joint venture 506 – – – 506 Amount due to an associate 331 – – – 331 Borrowings 2,479,139 338,836 990,074 79,247 3,887,296 Lease liabilities 41,780 68,995 107,209 296,257 514,241 Payables 1,262,136 – – – 1,262,136 Total undiscounted financial liabilities 4,335,246 682,121 1,964,190 31,804,226 39,785,783 FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 64
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