Wah Seong Corporation Berhad Annual Report 2019

184 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 45 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: 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.