Wah Seong Corporation Berhad Annual Report 2021 173 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 26 TRADE AND OTHER PAYABLES (CONTINUED) Provision for gratuity relates to gratuity provision for key management personnel. The movement of the provision during the financial year is as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 At 1 January 29,075 9,518 10,560 9,518 (Reversal)/additions (1,238) 19,832 1,080 1,042 Effect of exchange rate changes 217 (275) - - At 31 December 28,054 29,075 11,640 10,560 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 2021 2020 RM’000 RM’000 - Qatari Rial 9,168 - - Indonesian Rupiah 7,565 3,039 - United States Dollar 4,647 3,035 - Singapore Dollar 2,826 2,865 - British Pound 1,912 773 - Japanese Yen 1,670 1,300 - Euro Dollar 1,092 212 - Australian Dollar 116 119 - Canadian Dollar 70 135 29,066 11,478 The Group’s other payables exposure to foreign currency (a currency which is other than the functional currency of the Group entities) risk were: Group 2021 2020 RM’000 RM’000 - United States Dollar 18,290 3,069 - Singapore Dollar 10,287 5,220 - Qatari Rial 4,350 - - Euro Dollar 1,383 17,513 - Indonesian Rupiah 1,065 1,747 - Ringgit Malaysia 137 1,601 - China Renminbi 76 72 - British Pound - 221 35,588 29,443 Other payables and accruals balances of the Company are denominated in Ringgit Malaysia.
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