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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
162
36. Financial risk management objectives and policies (cont’d.)
(d) Liquidity risk (cont’d.)
(i) Liabilities related risk (cont’d.)
The table below summarises the maturity profile of the Group and of the Company’s liabilities at the financial year end based on contractual
undiscounted repayment obligations.
Maturity
On
demand
Less than
three months
Three to
twelve months
Total
RM’000
RM’000
RM’000
RM’000
Group
At 31 December 2014
Current liabilities
Other payables which are financial liabilities
11,782
13,804
723
26,309
At 31 December 2013
Current liabilities
Other payables which are financial liabilities
10,600
10,590
1,368
22,558
Company
At 31 December 2014
Current liabilities
Other payables which are financial liabilities
3,137
3,241
723
7,101
At 31 December 2013
Current liabilities
Other payables which are financial liabilities
3,044
2,991
1,368
7,403
(ii) Clearing and settlement related risk
The clearing house subsidiaries of the Group act as a counterparty to eligible trades concluded on the securities and derivatives markets through the
novation of obligations of the buyers and sellers. The Group mitigates this exposure by establishing financial criteria for admission as participants,
monitoring participants’ position limits and requiring that margins and collaterals on outstanding positions be placed with the clearing houses. CGF
and DCF, as disclosed in Note 26(e), were set up to further mitigate this risk.