allowances of financial guarantees during the financial year was: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million As at the beginning of the financial year (310.6) (291.1) (312.2) (293.4) Impairment loss recognised (1.5) (37.6) (4.2) (37.6) Impairment loss reversed 0 18.1 0 18.8 As at the end of the financial year (Note 23) (312.1) (310.6) (316.4) (312.2) Liquidity risk Liquidity risk is the risk that the Group and the Company will not be able to meet its financial obligations as they fall due. The Group’s and the Company’s exposures to liquidity risk arise principally from its various payables, loans and borrowings. The Group and the Company monitor rolling forecasts of the Group’s and of the Company’s liquidity requirements. As of 31 December 2023, the Company’s current liabilitiesexceeded their current assets by RM2,120.3 million (2022: RM1,434.6 million), mainly due to consumer deposits amounting to RM7,659.6 million (2022: RM7,185.7 million). The Company’s cash flow forecast for the next 12 months takes into account the expected revenue growth rates, customer collection trends, low rate of termination of electricity account that would crystallise the entire consumer deposits above and one-off transactions. The Company expects to be able to generate sufficient internal cash flows from operations for the next 12 months from the reporting date to meet operational and financing needs as and when they fall due. In addition, as at 31 December 2023, the Company have undrawn borrowing facilities amounting to RM14,011.4 million (2022: RM10,815.6 million) to support any cash shortfall while maintaining sufficient headroom on its undrawn borrowing facilities at all times to ensure the Company have the financial flexibility. Surplus cash of the Group and of the Company is invested in profit bearing current accounts, money market deposits and other instruments with appropriate maturities and sufficient liquidity level to provide sufficient headroom as determined by the cash flow forecasts