Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 167 28 TRADE AND OTHER PAYABLES (CONTINUED) The Group’s other payables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk, based on carrying amounts as at the end of the financial year, were: Group 2017 RM’000 2016 RM’000 - Euro Dollar 10,748 1,172 - United States Dollar 5,914 86,979 - Japanese Yen 3,776 9,656 - Singapore Dollar 2,400 735 - Ringgit Malaysia 1,635 11,187 - United Arab Emirates Dirham 1,138 904 - Indonesian Rupiah 538 1,205 - China Renminbi 137 1,020 - Australian Dollar - 208 - Norwegian Kroner - 10 26,286 113,076 Other payables and accruals balances of the Company are denominated in Ringgit Malaysia. 29 PROVISION FOR WARRANTIES Group 2017 RM’000 2016 RM’000 At 1 January 9,470 13,318 Additions 4,476 2,621 Utilisation (808) - Reversal (5,747) (6,633) Effect of exchange rate changes (462) 164 At 31 December 6,929 9,470 The Group recognises the estimated liability to repair or replace products when the underlying products or services are sold. It is expected that most of these costs will be incurred over the warranty period which extends up to 4 years.