26. FINANCIAL RISK MANAGEMENT (continued) Financial risk factors (continued) (c) Liquidity risk (continued) The Manager monitors and maintains a level of cash and cash equivalent deemed adequate to finance ECW’s operations by requesting funds from the Group’s subsidiaries. ECW has control over the subsidiaries and the repatriation of funds from subsidiaries are not subject to restriction. The table below analyses financial liabilities (including derivative financial liabilities) of the Group and ECW into relevant maturity groupings based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months approximates their carrying amounts as the impact of discounting is not significant. Contractual cash flows Within 1 year Within 1 to 2 years S$’000 S$’000 S$’000 Group 2024 Non-derivative financial liabilities Borrowings (513,600) (504,739) (8,861) Trade and other payables* (118,404) (118,404) – 2023 Non-derivative financial liabilities Borrowings (490,201) (490,201) – Revolving credit facilities (82,957) (82,957) – Trade and other payables* (105,266) (105,266) – Derivative financial liabilities Cross currency interest rate swaps (1,879) (1,879) – Contractual cash flows Within 1 year S$’000 S$’000 ECW 2024 Non-derivative financial liabilities Trade and other payables* (22,984) (22,984) Loan from a subsidiary (331,943) (331,943) 2023 Non-derivative financial liabilities Trade and other payables* (23,362) (23,362) Loan from a subsidiary (343,615) (343,615) * Exclude interest payables, deferred income and rental received in advance. Refer to Note 2.1(a) regarding the measures undertaken by the Manager in addressing the net current liabilities position of the Group and ECW as at 31 December 2024. EC WORLD REIT 118 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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