Wah Seong Corporation Berhad Annual Report 2018

29 TRADE AND OTHER PAYABLES Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Current Trade payables 190,472 248,090 - - Deferred revenue - 6,423 - - Advances from customer* 357,464 85,166 - - Other payables and accruals 178,414 278,321 14,258 11,603 726,350 618,000 14,258 11,603 Non-current Advances from customer* - 486,236 - - Other liabilities 6,294 5,693 - - 6,294 491,929 - - * As at 31 December 2018, the revenue relating to performance obligation that are unsatisfied or partially unsatisfied arising from advances from customer is expected to be recognised over the next 12 months. Revenue recognised during the financial year that would have been included in the contract liabilities as at 1 January 2018 and from additional contract liabilities during the financial year are RM567,433,000 and RM890,209,000 respectively. The Group’s trade 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 2018 2017 RM’000 RM’000 - United States Dollar 28,477 27,863 - United Arab Emirates Dirham 5,014 1,528 - Indonesian Rupiah 2,809 5,564 - Singapore Dollar 2,010 5,917 - Euro Dollar 1,628 2,123 - China Renminbi 1,038 - - Japanese Yen 994 1,756 - British Pound 424 2,406 - Ringgit Malaysia 187 - - Australian Dollar 112 121 42,693 47,278 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 2018 2017 RM’000 RM’000 - Euro Dollar 17,528 10,748 - United States Dollar 2,589 5,914 - Singapore Dollar 1,424 2,400 - Indonesian Rupiah 524 538 - China Renminbi 416 137 - Ringgit Malaysia 107 1,635 - Japanese Yen 10 3,776 - United Arab Emirates Dirham - 1,138 22,598 26,286 Other payables and accruals balances of the Company are denominated in Ringgit Malaysia. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 WAH SEONG CORPORATION BERHAD 156