Wah Seong Corporation Berhad Annual Report 2019

161 ANNUAL REPORT 2019 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 27 TRADE AND OTHER PAYABLES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Current Trade payables 162,633 190,472 - - Advances from customer* - 357,464 - - Other payables and accruals 129,113 178,414 14,997 14,258 291,746 726,350 14,997 14,258 Non-current Other liabilities 7,674 6,294 - - 7,674 6,294 - - * Revenue recognised during the financial year that would have been included in the contract liabilities as at 1 January 2019 and from additional contract liabilities during the financial year are RM357,464,000 and RM624,095,000 (2018: RM567,433,000 and RM890,209,000) respectively. Value added tax payables amounting to RM2,122,000 (2018: RM2,798,000) are included within ‘other payables and accruals’. The Group’s trade payables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2019 2018 RM’000 RM’000 - United States Dollar 19,949 28,477 - Swedish Krona 4,822 - - Singapore Dollar 2,534 2,010 - Indonesian Rupiah 1,730 2,809 - Euro Dollar 1,337 1,628 - Japanese Yen 1,192 994 - British Pound 210 424 - Australian Dollar 145 112 - Ringgit Malaysia - 187 - China Renminbi - 1,038 - United Arab Emirates Dirham - 5,014 31,919 42,693