FORWARD TOGETHER Notes to the Consolidated Financial Statements 31 December 2022 228 45. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued) Liquidity risk The Group’s policy is to maintain sufficient cash and bank balances or to have available funding through the use of bank and other borrowings to meet its commitments over the foreseeable future in accordance with its strategic plan. The maturity profile of the Group’s financial liabilities as at 31 December 2022 and 2021, based on the contractual undiscounted payments, is as follows: Group Less than 1 year 1 to 5 years Over 5 years Total US$’000 US$’000 US$’000 US$’000 31 December 2022 Non-derivative financial liabilities Interest-bearing bank and other borrowings 573,016 5,399,738 538,530 6,511,284 Trade and other payables 303,868 — — 303,868 Contingent consideration payable 2,581 — — 2,581 Lease liabilities 11,684 21,891 5,932 39,507 Other non-current liabilities — 95,227 31,732 126,959 891,149 5,516,856 576,194 6,984,199 Derivative financial instruments Foreign currency forward contracts (gross settled) — Outflow (5,406) — — — — Inflow 5,463 — — — 57 — — — 31 December 2021 Non-derivative financial liabilities Interest-bearing bank and other borrowings 1,434,802 2,877,172 365,398 4,677,372 Trade and other payables 190,645 — — 190,645 Lease liabilities 3,766 3,591 2,945 10,302 Other non-current liabilities — — 45,915 45,915 1,629,213 2,880,763 414,258 4,924,234
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