Wah Seong Corporation Berhad Annual Report 2021 199 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 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 2020 Non-derivative financial liabilities Lease liabilities 22,647 19,244 49,734 222,189* 313,814 210,385 Trade and other payables 217,755 42 3 - 217,800 217,800 Amounts owing to associates 1,560 - - - 1,560 1,560 Amounts owing to joint ventures 5,139 - - - 5,139 5,139 Loans and borrowings 795,110 37,543 63,274 7,527 903,454 878,056 Dividend payable 22,109 - - - 22,109 22,109 1,064,320 56,829 113,011 229,716 1,463,876 1,335,049 Derivative financial liabilities Forward currency contracts Gross settled - outflow 14,493 - - - 14,493 - inflow (14,394) - - - (14,394) 99 - - - 99 99 1,064,419 56,829 113,011 229,716 1,463,975 1,335,148 * Lease liabilities with maturity of more than 5 years comprise of lease terms up to 12 years. Within 1 year Total contractual undiscounted cash flows Total carrying amount Company RM’000 RM’000 RM’000 2021 Non-derivative financial liabilities Financial guarantees* 293,885 293,885 - Other payables and accruals 2,528 2,528 2,528 Amounts owing to subsidiaries 29,148 29,148 29,148 Loans and borrowings 105,238 105,238 102,163 430,799 430,799 133,839
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