Wah Seong Corporation Berhad Annual Report 2019

185 ANNUAL REPORT 2019 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 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 2018 Non-derivative financial liabilities Trade and other payables 340,271 63 87 - 340,421 340,421 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 1,109,357 58,443 48,594 43,398 1,259,792 1,206,009 There were no derivative financial liabilities as at 31 December 2018. 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 2019 Non-derivative financial liabilities Financial guarantees* 208,483 - - 208,483 - Other payables and accruals 12,921 - - 12,921 12,921 Amounts owing to subsidiaries 20,592 - - 20,592 20,592 Loans and borrowings 159,251 - - 159,251 152,217 401,247 - - 401,247 185,730 2018 Non-derivative financial liabilities Financial guarantees* 208,717 - - 208,717 - Other payables and accruals 12,372 - - 12,372 12,372 Amounts owing to subsidiaries 6,797 - - 6,797 6,797 Loans and borrowings 178,218 - - 178,218 170,011 406,104 - - 406,104 189,180 * 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.