Notes tothe financial statements For the financial year ended 31 December 2023 35. Financial risk management objectives and policies (cont’d) (e) Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting financial obligations due to shortage of funds. The Group’s exposure to liquidity risk arises primarily from mismatches of maturities in its financial assets and liabilities. The Group manages its liquidity profile to be able to finance its capital expenditure and service its maturing debts by maintaining sufficient cash and marketable securities, and the availability of funding through an adequate amount of committed credit facilities. The Group regularly evaluates its projected and actual cash flow information and continuously assesses conditions in the financial markets for opportunities to pursue fund-raising initiatives. These initiatives may include bank loans and borrowings and equity market issues. The table below summarises the maturity profile of the Group’s financial liabilities which included the related interest charges at the end of reporting period based on contractual undiscounted repayment obligations: One year or less One to five years More than 5 years Total Rp million Rp million Rp million Rp million Group As at 31 December 2023 Financial liabilities: Non-current interest-bearing loans and borrowings 16,984 952,028 – 969,012 Other non-current payables 85,022 615,440 – 700,462 Trade and other payables and accruals 2,037,933 – – 2,037,933 Current interest-bearing loans and borrowings 7,288,602 – – 7,288,602 Lease liabilities 41,055 89,480 – 130,535 Total undiscounted financial liabilities 9,469,596 1,656,948 – 11,126,544 153 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
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