2012 Annual Report - Media Prima Berhad

44 FINANCIAL RISK MANAGEMENT (CONTINUED)
(c)
Liquidity risk
Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group Treasury.
Group Treasury 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 balance sheet ratio targets and, if applicable external regulatory or legal
requirements – for example, currency restrictions.
Surplus cash held by the operating entities over and above balance required for working capital management
are transferred to the Group Treasury. Group Treasury invests surplus cash in interest 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 Group Treasury also considers the impact of discharging borrowings within the Group by relocating cash
between subsidiaries whereby new borrowings are entered into whilst available cash is used to settle existing
loans in a manner that reduces the Group’s finance cost.
The table below analyses the Group’s and Company’s non-derivative financial liabilities into relevant maturity
groupings based on the remaining period at the statements of financial position date to the contractual maturity
date. As the amounts included in the table are contractual undiscounted cash flows, these amount will not
reconcile to the amounts disclosed on the statement of financial position for borrowings debt instruments and
trade and other payables.
Group
RADIO OUTDOOR
NETWORKS
Between
Less than 3 months Between Between
3 months and 1 year 1 – 2 years 2 – 5 years Total
RM’000 RM’000 RM’000 RM’000 RM’000
At 31 December 2012
Trade and other Payables 340,210 – 279 – 340,489
Term loans* 2,384 187,795 – – 190,179
RFRB* 3,713 3,713 7,425 153,713 168,564
CPMTN* – 13,140 13,140 339,420 365,700
Hire purchase 1,521 3,423 2,787 1,255 8,986
Bankers’ acceptance 26,940 – – – 26,940
Revolving credit 12,000 – – – 12,000
TELEVISION
NETWORKS
386,768 208,071 23,631 494,388 1,112,858
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2012
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