NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 43. 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 2021 and 2020, 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 2021 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 31 December 2020 Interest-bearing bank and other borrowings 876,865 2,588,181 211,861 3,676,907 Trade and other payables 175,577 – – 175,577 Lease liabilities 7,095 4,969 2,949 15,013 Other non-current liabilities – – 47,158 47,158 1,059,537 2,593,150 261,968 3,914,655 Company Less than 1 year 1 to 5 years Over 5 years Total US$’000 US$’000 US$’000 US$’000 31 December 2021 Interest-bearing bank and other borrowings 996,561 2,224,886 – 3,221,447 Trade and other payables 132,035 – – 132,035 1,128,596 2,224,886 – 3,353,482 31 December 2020 Interest-bearing bank and other borrowings 304,901 1,855,210 – 2,160,111 Trade and other payables 634,654 – – 634,654 939,555 1,855,210 – 2,794,765 R E A C H I N G N E W H E I G H T S 230
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