NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 35. Financial risk management objectives and policies (cont’d) (d) Credit risk (cont’d) Plasma Receivables (cont’d) The Group’s maximum credit risk exposure to plasma receivables at the reporting date are as follows: – The carrying amount of each class of financial assets disclosed in Note 22 and 24 in the balance sheets; and – An amount of Rp430.7 billion (2023: Rp375.6 billion) relating to financial guarantees provided by Nucleus Companies for repayment of plasma farmers’ loans to banks (Note 32(a)). (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 2024 Financial liabilities: Non-current interest-bearing loans and borrowings 87,993 1,788,316 – 1,876,309 Other non-current payables 26,703 514,327 – 541,030 Trade and other payables and accruals 2,069,889 – – 2,069,889 Current interest-bearing loans and borrowings 6,370,321 – – 6,370,321 Lease liabilities 39,583 63,605 – 103,188 Total undiscounted financial liabilities 8,594,489 2,366,248 – 10,960,737 Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 158
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