RM’million FVTPL RM’million Financial liabilities 2023 Group Payables 8,340.4 8,340.4 0 Financial guarantee contracts 312.1 312.1 0 Lease liabilities 30,860.9 30,860.9 0 Amounts due to associates 579.7 579.7 0 Borrowings 61,770.2 61,770.2 0 Derivative financial instruments 11.9 0 11.9 Other liabilities 850.5 850.5 0 102,725.7 102,713.8 11.9 Company Payables 4,466.8 4,466.8 0 Financial guarantee contracts 316.4 316.4 0 Lease liabilities 69,286.6 69,286.6 0 Amounts due to subsidiaries 6,944.0 6,944.0 0 Amounts due to associates 568.8 568.8 0 Borrowings 29,678.1 29,678.1 0 Derivative financial instruments 1.4 0 1.4 Other liabilities 764.4 764.4 0 112,026.5 112,025.1 1.4 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 310 45 FINANCIAL INSTRUMENTS (CONTINUED) (a) Categories of financial instruments (continued) Carrying amount RM’million AC RM’million FVTPL RM’million Financialliabilities 2022 Group Payables 8,718.9 8,718.9 0 Financial guarantee contracts 310.6 310.6 0 Lease liabilities 33,278.4 33,278.4 0 Amounts due to associates 777.6 777.6 0 Borrowings 63,882.2 63,882.2 0 Derivative financial instruments 5.2 0 5.2 Other liabilities 709.1 709.1 0 107,682.0 107,676.8 5.2 Company Payables 4,443.2 4,443.2 0 Financial guarantee contracts 312.2 312.2 0 Lease liabilities 73,805.1 73,805.1 0 Amounts due to subsidiaries 6,709.1 6,709.1 0 Amounts due to associates 765.9 765.9 0 Borrowings 36,231.9 36,231.9 0 Derivative financial instruments 2.9 0 2.9 Other liabilities 711.2 711.2 0 122,981.5 122,978.6 2.9 (b) Financial risk management The Group and the Company have exposures to the following risks embedded in its financial instruments: • Credit risk; • Liquidity risk; and • Market risk. Credit risk Credit risk is the risk of a financial loss to the Group and the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Group’s and the Company’s exposures to credit risk arise principally from its receivables from