Wah Seong Corporation Berhad Annual Report 2021 198 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 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 2021 Non-derivative financial liabilities Lease liabilities 29,660 28,761 61,539 219,975* 339,935 243,067 Trade and other payables 319,635 39 - - 319,674 319,674 Amounts owing to joint ventures 1,610 - - - 1,610 1,610 Loans and borrowings 665,274 29,939 79,735 999 775,947 754,394 Dividend payable 19,875 - - - 19,875 19,875 1,036,054 58,739 141,274 220,974 1,457,041 1,338,620 Derivative financial liabilities Forward currency contracts Gross settled - outflow 119,114 - - - 119,114 - inflow (118,581) - - - (118,581) 533 - - - 533 533 1,036,587 58,739 141,274 220,974 1,457,574 1,339,153 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 11 years.
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