Interfront 2025 Annual Report

International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2025 159 FINANCIAL INFORMATION Notes to the Financial Statements 24 Risk management (continued) At 31 March 2025 Less than 1 year Between 1 and 2 years Between 2 and 5 years Over 5 years Payables from exchange transactions 13 541 376 – – – Operating lease contractual amounts 1 725 818 733 647 – – At 31 March 2024 Less than 1 year Between 1 and 2 years Between 2 and 5 years Over 5 years Payables from exchange transactions 12 397 509 – – – Operating lease contractual amounts 2 930 969 1 725 818 733 647 – Credit risk Credit risk consists mainly of cash deposits, cash equivalents, and receivables from exchange transactions. The entity only deposits cash with major banks with high‑quality credit standing. Financial assets exposed to credit risk at year‑end were as follows: Financial instrument 2025 2024 Cash and cash equivalents 59 036 719 29 740 368 Receivables from exchange transactions 22 658 914 41 384 220 Market risk Interest rate risk The entity’s interest rate risk arises from amounts held in short‑term cash balances. The entity’s income and operating cash flows are substantially independent of changes in market interest rates in relation to these balances. Cash flow interest rate risk Financial instrument Current interest rate Due in less than a year Due in one to two years Due in two to three years Due in three to four years Due after five years Receivables from exchange transactions 11.00% 22 658 914 – – – – Cash in current banking institutions 11.00% 59 036 719 – – – – Payables from exchange transactions 11.00% 13 541 376 – – – – Operating lease obligation 11.00% 1 725 818 733 647 – – –