Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 107 International Frontier Technologies SOC Ltd Trading as Interfront Financial Statements for the year ended 31 March 2022 23. Directors’ Emoluments (continued) Non-Executive Directors 2022 Members’ fees Committees fees Total Name M.A. Enus-Brey 21 909 6 018 27 927 S.W. van Graan 8 019 2 916 10 935 29 928 8 934 38 862 2021 Members’ fees Committees fees Total Name M.A. Enus-Brey 16 546 972 17 518 16 546 972 17 518 No fees or remuneration are payable to the Non-Executive Directors who are also employees of the Shareholder. 24. Risk Management Financial risk management The entity’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk, cash flow interest rate risk and price risk), credit risk, and liquidity risk. Risk management is carried out by the Board. The Board provides written policies for overall risk management, as well as a review covering specific areas. Liquidity risk The entity’s risk to liquidity is a result of the funds available to cover future commitments. The entity manages liquidity risk through an ongoing review of future commitments. The table below analyses the entity’s financial liabilities into relevant maturity groupings based on the remaining period at the statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.