Wah Seong Corporation Berhad Annual Report 2020

190 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 45 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Liquidity risk (continued) 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 2019 Non-derivative financial liabilities Lease liabilities 25,308 20,162 51,596 275,398* 372,464 234,764 Trade and other payables 258,426 63 24 - 258,513 258,513 Amounts owing to associates 33 - - - 33 33 Amounts owing to joint ventures 5,546 - - - 5,546 5,546 Loans and borrowings 758,077 73,687 127,622 29,631 989,017 948,095 Dividend payable 21,904 - - - 21,904 21,904 1,069,294 93,912 179,242 305,029 1,647,477 1,468,855 Derivative financial liabilities Forward currency contracts Gross settled - outflow 80,037 - - - 80,037 - inflow (78,177) - - - (78,177) 1,860 - - - 1,860 1,860 1,071,154 93,912 179,242 305,029 1,649,337 1,470,715 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 39 years. Within 1 year More than 1 year and less than 2 years More than 2 years and less than 5 years Total contractual undiscounted cash flows Total carrying amount Company RM’000 RM’000 RM’000 RM’000 RM’000 2020 Non-derivative financial liabilities Financial guarantees* 294,422 - - 294,422 - Other payables and accruals 2,061 - - 2,061 2,061 Amounts owing to subsidiaries 17,216 - - 17,216 17,216 Loans and borrowings 131,386 - - 131,386 126,759 445,085 - - 445,085 146,036