SUN YAT SEN NANYANG MEMORIAL HALL COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2022

11. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (continued)

Liquidity risk (continued)

Analysis of financial instruments by remaining contractual maturities

The table below summarises the maturity profile of the Company’s financial assets and liabilities at the balance sheet date based on contractual undiscounted repayment obligations

2022 $ 2021 $ One year or less One year or less

Cash surplus arising from operations, which is not redeployed as working capital, is placed with reputable banks and financial institutions.

At balance sheet date, there were no significant concentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the balance sheet, in particular, the cash and cash equivalents. The Company minimises credit risk by dealing exclusively with high credit rating counterparties.