MSM Malaysia Holdings Berhad Annual Report 2020

39 FINANCIAL INSTRUMENTS (CONTINUED) The analysis of classification of financial instruments are as follows: (continued) Liabilities at Liabilities at fair value amortised cost through profit or loss Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Financial liabilities Non-current liabilities Borrowings 518,636 605,153 - - Lease liabilities 664 1,231 - - Loan due to subsidiary 98,662 - - - Derivatives financial liabilities - - 10,163 4,968 617,962 606,384 10,163 4,968 Current liabilities Payables (excluding GST payables) 2,528 2,155 - - Amounts due to subsidiaries 751 680 - - Amounts due to other related companies 4 61 - - Amount due to ultimate holding body 221 - - - Loan due to a subsidiary 30,194 94,758 - - Loan due to a related company 10,108 37,116 - - Amount due to immediate holding company 6,096 5,852 - - Borrowings 33,914 98,475 - - Lease liabilities 885 750 - - 84,701 239,847 - - Total financial liabilities 702,663 846,231 10,163 4,968 40 SEGMENT INFORMATION Operating segments are reported in a manner consistent with the internal management reporting provided to the chief operating decision maker (CODM). The CODM who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Group Chief Executive Officer. The Group Chief Executive Officer considers the business primarily a product perspective. The reportable operating segments have been identified as follows: (i) Sugar – sugar refining and sales, marketing of refined sugar and commodity trading (ii) Palm oil, rubber and mango – palm oil, rubber and mango plantation Reconciliation represents income and expenses related to the corporate office, which is the investment holding entity. Included in reconciliation are cash and cash equivalents, accruals of the holding company. The Group Chief Executive Officer, which is the chief operating decision maker, reviews the internal management reports on a basis that is consistent with the presentation as per the statement of comprehensive income. MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 224 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT