Wah Seong Corporation Berhad Annual Report 2018

46 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk (continued) All financial liabilities of the Group and the Company that will be due and payable within the next 12 months are classified within current liabilities. The contractual cash flows of derivative financial liabilities and non-derivative financial liabilities are presented below: More than More than Total 1 year and 2 years and More contractual Total Within 1 less than less than than undiscounted carrying year 2 years 5 years 5 years cash flows amount Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2018 Non-derivative financial liabilities Trade and other payables 368,882 63 87 - 369,032 369,032 Amounts owing to joint ventures 3,959 - - - 3,959 3,959 Loans and borrowings 751,123 58,380 48,507 43,398 901,408 847,625 Dividend payable 14,004 - - - 14,004 14,004 1,137,968 58,443 48,594 43,398 1,288,403 1,234,620 2017 Non-derivative financial liabilities Trade and other payables 532,833 209 - - 533,042 533,042 Amounts owing to associates 175 - - - 175 175 Amounts owing to joint ventures 3,314 - - - 3,314 3,314 Loans and borrowings 801,555 179,036 31,725 - 1,012,316 976,523 Dividend payable 13,685 - - - 13,685 13,685 1,351,562 179,245 31,725 - 1,562,532 1,526,739 Company 2018 Non-derivative financial liabilities Financial guarantees* 208,717 - - - 208,717 - Other payables and accruals 14,258 - - - 14,258 14,258 Amounts owing to subsidiaries 6,797 - - - 6,797 6,797 Loans and borrowings 178,218 - - - 178,218 170,011 407,990 - - - 407,990 191,066 2017 Non-derivative financial liabilities Financial guarantees* 311,479 - - - 311,479 - Other payables and accruals 11,603 - - - 11,603 11,603 Amounts owing to subsidiaries 1,291 - - - 1,291 1,291 Loans and borrowings 139,431 - - - 139,431 134,167 463,804 - - - 463,804 147,061 * This represents the maximum exposure to the Company in the event that the financial guarantee contracts issued by the Company to its subsidiaries are called upon. These liabilities have been included in the consolidated statement of financial position of the Group and hence not result in any additional liability to the Group. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 ANNUAL REPORT 2018 173