Wah Seong Corporation Berhad Annual Report 2020

189 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 45 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk (continued) As at 31 December 2020, there are sufficient facilities available that can be used to refinance borrowings, capital expenditure and general working capital requirements of the Group and the Company. Details of liquidity risk are disclosed in Note 27 to the financial statements. 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: Within 1 year More than 1 year and less than 2 years More than 2 years and less than 5 years More than 5 years Total contractual undiscounted cash flows Total carrying amount Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2020 Non-derivative financial liabilities Lease liabilities 22,647 19,244 49,734 222,189* 313,814 210,385 Trade and other payables 217,755 42 3 - 217,800 217,800 Amounts owing to associates 1,560 - - - 1,560 1,560 Amounts owing to joint ventures 5,139 - - - 5,139 5,139 Loans and borrowings 795,110 37,543 63,274 7,527 903,454 878,056 Dividend payable 22,109 - - - 22,109 22,109 1,064,320 56,829 113,011 229,716 1,463,876 1,335,049 Derivative financial liabilities Forward currency contracts Gross settled - outflow 14,493 - - - 14,493 - inflow (14,394) - - - (14,394) 99 - - - 99 99 1,064,419 56,829 113,011 229,716 1,463,975 1,335,148 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 12 years.