Ni Hsin Berhad Annual Report 2018
13. Loans and borrowings (continued) Finance lease liabilities Finance lease liabilities are payable as follows: Future Present value Future Present value minimum of minimum minimum of minimum lease lease lease lease payments Interest payments payments Interest payments 2018 2018 2018 2017 2017 2017 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Less than one year 240 19 221 - - - Between one and three years 277 8 269 - - - 517 27 490 - - - Included in the Group’s finance lease liabilities are lease of motor vehicles costing RM620,000 under the finance lease expiring within three years. 13.1 Reconciliation of movements of liabilities to cash flows arising from financing activities At 31 Net changes December from 2017/ Acquisition financing Interest At 31 1 January of new cash flows expense Interest December 2018 leases 2018 2017 paid 2018 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Bankers’ acceptances - - 1,265 34 (34) 1,265 Finance lease liabilities - 620 (130) 17 (17) 490 Total liabilities from financing activities - 620 1,135 51 (51) 1,755 14. Trade and other payables Group Company 2018 2017 2018 2017 Note RM’000 RM’000 RM’000 RM’000 Current Trade Trade payables 671 1,715 - - Contract liabilities 14.1 1,637 - - - 2,308 1,715 - - Non-trade Other payables 1,528 4,297 71 694 Accrued expenses 1,223 802 - - 2,751 5,099 71 694 5,059 6,814 71 694 Notes to the financial statements (continued) Annual Report 2018 76
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